Question
The following information was available for Windsor, Inc. at December 31, 2017: beginning inventory $70000; ending inventory $100000; cost of goods sold $600000; and sales
The following information was available for Windsor, Inc. at December 31, 2017: beginning inventory $70000; ending inventory $100000; cost of goods sold $600000; and sales $800000. Windsor inventory turnover ratio (rounded) in 2017 was
a)7.1 times.
b)6.0 times.
c)9.4 times.
d)8.6 times.
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Survey Of Accounting
Authors: Carl S. Warren, Amanda Farmer, Jefferson P. Jones
10th Edition
0357900294, 9780357900291
