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Navy and Orange are two competing companies that sell t-shirts. The following data is available for the two companies: Navy Orange Beginning Inventory $75,000 $82,000
Navy and Orange are two competing companies that sell t-shirts. The following data is available for the two companies:
| Navy | Orange | |
|---|---|---|
| Beginning Inventory | $75,000 | $82,000 |
| Purchases | $74,500 | $81,200 |
| Cost of Goods Sold | $102,000 | $147,700 |
Which company turns its inventory over more?
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Financial Accounting Text Only
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
5th Edition
0006575404, 978-0006575405
