Question
Parr Building Supply began 20X9 with inventory of $240,000. Parrs 20X9 sales were $1,200,000, purchases of inventory totalled $1,035,000, and ending inventory was $275,000. 1.
Parr Building Supply began 20X9 with inventory of $240,000. Parrs 20X9 sales were $1,200,000, purchases of inventory totalled $1,035,000, and ending inventory was $275,000. 1. Prepare a statement of gross profit for 20X9. 2. What was Parr Building Supplys inventory turnover?
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Financial Analysis And Decision Making
Authors: David E. Vance
1st Edition
0071406654, 9780071406659
