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Based on the following data for the current year, what is the inventory turnover? Sales on account during year $466,438 179,618 Cost of goods sold during year Accounts receivable, beginning of 44,647 Accounts receivable, end of year 53,212 Inventory, beginning of year 33,548 Inventory, end of year 37,821 Do not round interim calculations. Round your final answer to one decimal place. Oa. 5 Ob. 2.6 Oc. 1.3 Od. 27.9 year

Based on the following data for the current year, what is the inventory turnover? Sales on account during year $466,438 179,618 Cost of goods sold during year Accounts receivable, beginning of 44,647 Accounts receivable, end of year 53,212 Inventory, beginning of year 33,548 Inventory, end of year 37,821 Do not round interim calculations. Round your final answer to one decimal place. Oa. 5 Ob. 2.6 Oc. 1.3 Od. 27.9 year

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Based on the following data for the current year, what is the inventory turnover? Sales on account during year $466,438 Cost of goods sold during year 179,618 Accounts receivable, beginning of year 44,647 Accounts receivable, end of year 53,212 Inventory, beginning of year 33,548 Inventory, end of year 37,821 Do not round interim calculations. Round your final answer to one decimal place. Oa. 5 Ob. 2.6 Oc. 1.3 Od. 27.9
Transcribed Image Text:Based on the following data for the current year, what is the inventory turnover? Sales on account during year $466,438 Cost of goods sold during year 179,618 Accounts receivable, beginning of year 44,647 Accounts receivable, end of year 53,212 Inventory, beginning of year 33,548 Inventory, end of year 37,821 Do not round interim calculations. Round your final answer to one decimal place. Oa. 5 Ob. 2.6 Oc. 1.3 Od. 27.9
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