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. Logan’s 2019 inventory turnover is closest to? A. 1.92 B. 2.08 C. 2.31 D. 2.49
17. Logan’s 2019 Fixed Assets turnover is closest to? A. 2.89 B. 1.19 C. 0.72 D. 2.75
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Ratio Calculations Inventory Turnover Ratio Inventory Turnover Ratio Cost of Goods Sold ...
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
