Question
The 2017 financial statements of Cullumber Company reported a beginning inventory of $92000, an ending inventory of $132000, and cost of goods sold of $880000
The 2017 financial statements of Cullumber Company reported a beginning inventory of $92000, an ending inventory of $132000, and cost of goods sold of $880000 for the year. Cullumbers inventory turnover for 2017 is
A)6.7 times.
B)9.6 times.
C)7.9 times.
D)22.0 times.
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Accounting Texts And Cases
Authors: Robert Anthony, David Hawkins, Kenneth A. Merchant
12th Edition
0073100919, 978-0073100913
