Question
The following balance sheet information is provided for Gaynor Company: Assets Year 2 Year 1 Cash $2,850 $2,100 Accounts receivable 15,600 13,600 Inventory $30,500 $38,000
The following balance sheet information is provided for Gaynor Company: Assets Year 2 Year 1 Cash $2,850 $2,100 Accounts receivable 15,600 13,600 Inventory $30,500 $38,000 Assuming Year 2 cost of goods sold is $116,000, what is the company's inventory turnover?
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
