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Lewis Incorporated and Clark Enterprises report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns. Lewis $ 18,000 Clark $
Lewis Incorporated and Clark Enterprises report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns. Lewis $ 18,000 Clark $ 44,000 12,000 54,000 174,000 181,600 9,000 54,000 2. Calculate the inventory turnover ratio for each company. Lewis Inventory Turnover Ratio Clark II 0 times 0 times
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Accounting Information Systems basic concepts and current issues
Authors: Robert Hurt
3rd edition
130855849X, 978-1308558493, 78025338, 978-0078025334
