Question
Logan Inc. has the following selecting financial information: December 31 2018 2019 Sales $250,000 $275,000 COGS $125,000 $162,000 Operating Expenses $40,000 $45,000 Fixed Assets $90,000
Logan Inc. has the following selecting financial information: December 31 2018 2019 Sales $250,000 $275,000 COGS $125,000 $162,000 Operating Expenses $40,000 $45,000 Fixed Assets $90,000 $100,000 Inventory $60,000 $70,000 Current Liabilities $ 13,000 $ 15,000
16. Logans 2019 inventory turnover is closest to? A. 1.92 B. 2.08 C. 2.31 D. 2.49
17. Logans 2019 Fixed Assets turnover is closest to? A. 2.89 B. 1.19 C. 0.72 D. 2.75
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Managerial Accounting Principles Of Accounting II
Authors: Eric W. Noreen, Peter C. Brewer, Ray H. Garrison
6th Edition
0077681258, 978-0077681258
