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Lewis Incorporated and Clark Enterprises report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns Lewis $ 33,000 27,000 405,000 24,000
Lewis Incorporated and Clark Enterprises report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns Lewis $ 33,000 27,000 405,000 24,000 Clark $ 59,000 69,000 213,400 69,000 2. Calculate the inventory turnover ratio for each company. Inventory Turnover Ratio Lewis times Clark times
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The Practitioners Blueprint To Construction Auditing
Authors: Ron Risner
1st Edition
0894137263, 978-0894137266
