Question
The 2017 financial statements of Wildhorse Company reported a beginning inventory of $77000, an ending inventory of $117000, and cost of goods sold of $655000
The 2017 financial statements of Wildhorse Company reported a beginning inventory of $77000, an ending inventory of $117000, and cost of goods sold of $655000 for the year. Wildhorses inventory turnover for 2017 is
A) 6.8 times.
B) 16.4 times.
C) 8.5 times.
D) 5.6 times.
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
5th Edition
0273651560, 978-0273651567
