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The financial data for Blossom's Fresh Fruits Incorporated and Crane's Supermarket Ltd. for the current year are as follows: Annual Cost of Goods Sold
The financial data for Blossom's Fresh Fruits Incorporated and Crane's Supermarket Ltd. for the current year are as follows: Annual Cost of Goods Sold Inventory Dec. 31 Inventory Jan. 1 Blossom's Fresh Fruits. $8,932,500 $696,200 $733,000 Crane's Supermarket 55,530,585 4,884,800 1,054,300 (a) Calculate the inventory turnover for each company. (Round answers to 1 decimal place, eg. 18.4)
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
