Question
Saxon Corporation beginning inventory was $30000. The cost of goods sold was $350000 for the year, with the ending inventory of $40000 inventory turnover for
Saxon Corporation beginning inventory was $30000. The cost of goods sold was $350000 for the year, with the ending inventory of $40000 inventory turnover for the year is
A. 20 times
B. 10 times
C. 11.67
D. 8.75
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Financial Accounting And Reporting
Authors: Mr Barry Elliott, Jamie Elliott
16th Edition
027377817X, 978-0273778172
