Question
Using the following data, compute inventory turnover: Inventory, December 31, 2015 $ 82,000 Operating Expenses $256,000 Cost of Goods Sold 342,000 Cash 49,000 Net Sales
Using the following data, compute inventory turnover:
Inventory, December 31, 2015 $ 82,000 Operating Expenses $256,000
Cost of Goods Sold 342,000 Cash 49,000
Net Sales 694,000 Inventory, December 31, 2014 74,000
Determine the Inventory Turnover Ratio:
| A. | 4.17 | |
| B. | 4.38 | |
| C. | 2.28 | |
| D. | 2.14 | |
| E. | 2.19 |
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Auditing Outsourced Functions Risk Management In An Outsourced World
Authors: Mark Salamasick
1st Edition
0894137255, 9780894137259
