Question
This information is available for Coronado's Photo Corporation for 2020, 2021, and 2022 2020 2021 2022 Beginning inventory $114,000 $320,000 $420,000 Ending inventory 320,000
This information is available for Coronado's Photo Corporation for 2020, 2021, and 2022 2020 2021 2022 Beginning inventory $114,000 $320,000 $420,000 Ending inventory 320,000 420,000 489,000 Cost of goods sold 1,041,600 1,239,500 1431,675 Net sales revenue 1,302,000 1,675,000 2,045,250 (a) Calculate inventory turnover for 2020, 2021, and 2022. (Round answers to 2 decimal places, eg. 1.52) Inventory turnover 2020 2021 2022
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
978-0078111044
