Question
This information is available for Cranes Photo Corporation for 2018, 2019, and 2020. 2018 2019 2020 Beginning inventory $ 110,000 $ 310,000 $ 410,000 Ending
This information is available for Cranes Photo Corporation for 2018, 2019, and 2020.
| 2018 | 2019 | 2020 | ||||
| Beginning inventory | $ 110,000 | $ 310,000 | $ 410,000 | |||
| Ending inventory | 310,000 | 410,000 | 470,000 | |||
| Cost of goods sold | 890,000 | 1,110,000 | 1,290,000 | |||
| Sales revenue | 1,190,000 | 1,590,000 | 1,890,000 |
Calculate inventory turnover for Cranes Photo Corporation for 2018, 2019, and 2020. (Round answers to 2 decimal places, e.g. 1.52.)
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The Audit Process Principles Practice And Cases
Authors: Iain Gray, Stuart Manson
5th Edition
1408030497, 9781408030493
