Question
The following information was available for Marigold Corp. at December 31, 2017: beginning inventory $86000; ending inventory $136000; cost of goods sold $660000; and sales
The following information was available for Marigold Corp. at December 31, 2017: beginning inventory $86000; ending inventory $136000; cost of goods sold $660000; and sales $976000. Marigold inventory turnover ratio (rounded) in 2017 was
a.
8.8 times.
b.
7.7 times.
c.
5.9 times.
d.
4.9 times.
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
