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The following balance sheet information is provided for Gaynor Company: Assets Cash Year 2 $ 3,050 Year 1 $ 2,300 Accounts receivable 15,800 13,800
The following balance sheet information is provided for Gaynor Company: Assets Cash Year 2 $ 3,050 Year 1 $ 2,300 Accounts receivable 15,800 13,800 Inventory $32,500 $40,000 Assuming Year 2 cost of goods sold is $118,000, what is the company's inventory turnover? Multiple Choice 2.95 times 3.26 times 3.63 times
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
