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Net sales $864,500 $510,000 Cost of goods sold 613,795 348,000 Inventory at end of year 80,370 95,000 Accounts receivable at end of year 154,000 112,000
| Net sales | $864,500 | $510,000 |
|---|
| Cost of goods sold | 613,795 | 348,000 |
|---|
| Inventory at end of year | 80,370 | 95,000 |
|---|
Accounts receivable at end of year
154,000 112,000
Compute the inventory turnover for 2020.
| Inventory turnover | enter the inventory turnover in times times |
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
