Question
Marigold Corporation had net credit sales of $12,200,000 and cost of goods sold of $9,000,000 for the year. The average inventory for the year amounted
Marigold Corporation had net credit sales of $12,200,000 and cost of goods sold of $9,000,000 for the year. The average inventory for the year amounted to $1,500,000. The inventory turnover for the year is
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A. 6.0 times.
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B. 8.1 times.
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C. 2.3 times.
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D. 1.4 times.
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
8th Edition
0030182689, 978-0030182686
