Question
Kingbird, Inc. had net credit sales of $13017000 and cost of goods sold of $10227000 for the year. The average inventory for the year amounted
Kingbird, Inc. had net credit sales of $13017000 and cost of goods sold of $10227000 for the year. The average inventory for the year amounted to $2435000. The inventory turnover for the year is
4.2 times.
1.1 times.
1.3 times.
5.3 times.
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International Accounting
Authors: Timothy Doupnik, Hector Perera
4th edition
978-0077862206
