Question
The Robinson Company had a cost of goods sold of $1,000,000 in 2016 and $1,200,000 in 2017. Calculate the inventory turnover for each year. Comment
The Robinson Company had a cost of goods sold of $1,000,000 in 2016 and $1,200,000 in 2017. Calculate the inventory turnover for each year. Comment on your findings.
- Assets: 700,000 and 900,000 respectively
- Liabilities: 350,000 and 500,0000 respectively
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Multinational Business Finance
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
15th Global Edition
129227008X, 9781292270081
