Question
Susan's Stationery sold goods that cost $42,000, and had expenses that totaled $5,600. The average stock of goods in a year ending December 31 was
Susan's Stationery sold goods that cost $42,000, and had expenses that totaled $5,600. The average stock of goods in a year ending December 31 was $7,500.
What is Susan's Stationery inventory turnover ratio in a year ending December 31?
- 7.50
- 6.25
- 5.60
- 4.67
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
