Question
Johnson Department Store had net sales of $34.00 million and cost of goods sold of $14.00 million for the year. The beginning inventory for
Johnson Department Store had net sales of $34.00 million and cost of goods sold of $14.00 million for the year. The beginning inventory for the year was $6.00 million. The ending inventory for the year was $1.00 million. What is the inventory tumover? (Do not round intermediary calculations and round your final answer to two decimal places.) OA. 9.71 OB. 4.00 OC. 4.86 OD. 2.43
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
978-1259024979
