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Refer to the following selected financial information from Fennie's, LLC. Compute the company's inventory turnover for Year 2. Year 2 Year 1 Cash $ 37,800
Refer to the following selected financial information from Fennie's, LLC. Compute the company's inventory turnover for Year 2. |
Year 2 | Year 1 | |
Cash | $ 37,800 | $ 32,550 |
Short-term investments | 93,000 | 61,500 |
Accounts receivable, net | 87,000 | 81,000 |
Merchandise inventory | 122,500 | 126,500 |
Prepaid expenses | 12,400 | 10,000 |
Plant assets | 389,500 | 339,500 |
Accounts payable | 111,900 | 109,300 |
Net sales | 712,500 | 677,500 |
Cost of goods sold | 391,500 | 376,500 |
3.14. | |
3.54. | |
3.09. | |
3.20. | |
5.82. |
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