Question
The following information was available for Whispering Winds Corp. at December 31, 2017: beginning inventory $72000; ending inventory $128000; cost of goods sold $640000; and
The following information was available for Whispering Winds Corp. at December 31, 2017: beginning inventory $72000; ending inventory $128000; cost of goods sold $640000; and sales $872000. Whispering inventory turnover ratio (rounded) in 2017 was
A) 5.0 times.
B) 6.4 times.
C) 8.7 times.
D) 8.9 times.
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
