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Universal Sports Supply began the year with an inventory balance of $83,000 and a year-end balance of $57,000. Sales of $555,000 generate a gross
Universal Sports Supply began the year with an inventory balance of $83,000 and a year-end balance of $57,000. Sales of $555,000 generate a gross profit of $185,000. Calculate the inventory turnover ratio for the year. (Round your final answer to 1 decimal place.) Universal Sports Supply Inventory Turnover Ratio times
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Accounting Introduction To Financial Accounting
Authors: Henry Dauderis, David Annand
1st Edition
1517089719, 978-1517089719
