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ABC Company has average inventory of $45 000, cost of goods sold is $650 000. What is the inventory turnover? What is the inventory period?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 16EA: Compute Altoona Companys (a) inventory turnover ratio and (b) number of days sales in inventory...

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ABC Company has average inventory of $45 000, cost of goods sold
is $650 000. What is the inventory turnover? What is the inventory period?

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