Question
Waterway Corporation had net credit sales of $13,100,000 and cost of goods sold of $9,070,000 for the year. The average inventory for the year amounted
Waterway Corporation had net credit sales of $13,100,000 and cost of goods sold of $9,070,000 for the year. The average inventory for the year amounted to $1,814,000. The inventory turnover for the year is?
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A. 5.0 times.
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B. 7.2 times.
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C. 1.8 times.
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D. 1.4 times.
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Financial Accounting The Impact On Decision Makers An Alternative To Debits And Credits
Authors: Gary A. Porter, Curtis L. Norton
4th Edition
0324272669, 978-0324272666
