Question
Kevin Inc. provides you with the following information Gross margin percentage 40% Inventory turnover 8 times Gross margin for 2017 $88,000 Current assets $204,600 Current
Kevin Inc. provides you with the following information
Gross margin percentage 40%
Inventory turnover 8 times
Gross margin for 2017 $88,000
Current assets $204,600
Current ratio 2.7 to 1
Find Cost of goods sold, and average inventory?
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
4th Canadian Edition
0470155353, 978-0470155356
