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Please answer question #9 in excel format with the formulas showing. Screen shots work perfectly! Annual Usage (in units) Unit Cost (in U.S. dollars) Item
Please answer question #9 in excel format with the formulas showing. Screen shots work perfectly!
Annual Usage (in units) Unit Cost (in U.S. dollars) Item 6,000 1.4 1 2 1,500 10 3 11,000 9.5 4 6,500 2.5 5 8,500 0.6 6 7,000 14.5 7 6,000 0.8 8 5,500 1.2 9 8,000 3.5 10 4,000 2.5 9. The financial statements of mythical Reliance Inc. show that in 2012, its beginning inventory balance was $31.82 billion and ending inventory balance was $30.25 billion. The company's cost of goods sold was reported as $290.70 billion (all in U.S. dollars). Calculate the company's inventory turnover ratio for 2012Step by Step Solution
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