Johnson Department Store had net sales of $23 million and cost of goods sold of $12 million for the year. The beginning inventory for the
Johnson Department Store had net sales of $23 million and cost of goods sold of $12 million for the year. The beginning inventory for the year was $6 million. The ending inventory for the year was $1 million. What is the inventory turnover? (Do not round intermediary calculations and round your final answer to two decimal places.)
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Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle
9th Edition
007337945X, 978-0073379456
