Question
The Grand Department Store had net credit sales of $12,000,000 and cost of goods sold of $8,000,000 for the year. The average inventory for the
The Grand Department Store had net credit sales of $12,000,000 and cost of goods sold of $8,000,000 for the year. The average inventory for the year amounted to $1,600,000. The inventory turnover ratio for the year is
a. 5
b 12
c 7.2
d 8
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Handbook Of Energy Audits
Authors: Albert Thumann, Terry Niehus, William J. Younger
7th Edition
1420067915, 978-1420067910
