Question
The following information was available for Bramble Corp. at December 31, 2017: beginning inventory $74000; ending inventory $108000; cost of goods sold $604000; and sales
The following information was available for Bramble Corp. at December 31, 2017: beginning inventory $74000; ending inventory $108000; cost of goods sold $604000; and sales $952000. Bramble inventory turnover ratio (rounded) in 2017 was
| 10.5 times. |
| 5.6 times. |
| 8.2 times. |
| 6.6 times. |
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Managerial Accounting for the Hospitality Industry
Authors: Lea R. Dopson, David K. Hayes
2nd edition
978-1-119-2996, 1119299659, 978-1119386223
