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Wages Expenses 4,000 Receivables 2,662 Land 17,684 Automobiles 56,163 Rent 700 Commercial Paper Payable (3 months) 3,754 Long Term Debt 24,754 Long Term Interest Payable
| Wages Expenses | 4,000 | ||
| Receivables | 2,662 | ||
| Land | 17,684 | ||
| Automobiles | 56,163 | ||
| Rent | 700 | ||
| Commercial Paper Payable (3 months) | 3,754 | ||
| Long Term Debt | 24,754 | ||
| Long Term Interest Payable | 1,467 | ||
| Capital | 3,350 | ||
| Accounts Payable (11 months) | 23,698 | ||
| Retained Earnings | 46,381 | ||
| Cash and Cash Equivalents | 6,414 | ||
| Sales | 51,496 | ||
| Other Income | 250 | ||
| Inventories | 25,076 | ||
| Other Expenses | 500 | ||
| Transportation Expense | 165 | ||
| Debts due within one year | 4,595 | ||
Build the balance sheet and the income statement
What is the inventory turnover? (enter your answer rounded to two decimals)
Inventory turnover = sales / inventory
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A Scientist Audits The Earth
Authors: Stuart L Pimm
1st Edition
0813535409, 978-0813535401
