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The following information is available for Coronado Company: 2020 2019 Accounts receivable (net) $ 340000 $ 380000 Inventory 330000 390000 Net credit sales 2410000 1450000
The following information is available for Coronado Company:
| 2020 | 2019 | |
| Accounts receivable (net) | $ 340000 | $ 380000 |
| Inventory | 330000 | 390000 |
| Net credit sales | 2410000 | 1450000 |
| Cost of goods sold | 2124000 | 1000000 |
| Net income | 350000 | 150000 |
The inventory turnover ratio for 2020 is
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Performance Auditing Measuring Inputs, Outputs, And Outcomes
Authors: Stephen L. Morgan, Ronell B. Raaum, Colleen G. Waring
3rd Edition
0894139762, 9780894139765
