Question
The following information was available for Tamarisk, Inc. at December 31, 2017: beginning inventory $75000; ending inventory $106000; cost of goods sold $664000; and sales
The following information was available for Tamarisk, Inc. at December 31, 2017: beginning inventory $75000; ending inventory $106000; cost of goods sold $664000; and sales $1000000. Tamarisk inventory turnover ratio (rounded) in 2017 was
7.3 times.
6.3 times.
11.0 times.
8.9 times.
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
15th Edition
978-0840037039, 0840037031
