Question
Tinker's 2011 cost of goods sold was $770,000 and 2010 cost of goods sold was $750,000. The inventory at the end of 2011 was $188,000
Tinker's 2011 cost of goods sold was $770,000 and 2010 cost of goods sold was $750,000. The inventory at the end of 2011 was $188,000 and $208,000 at the end of 2010. What was Tinker's inventory turnover during 2011?
A. 3.84
B. 3.89
C. 3.99
D. 3.79
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Accounting For Decision Making And Control
Authors: Jerold Zimmerman
5th Edition
0072975865, 978-0072975864
