Answered: Beginning inventory 74,000. Cost of…

Beginning inventory 74,000. Cost of goods purchased 530, 900. Cost of goods available for sale 604,900. Ending inventory 72,000. Cost of goods sold 532,900. What is the inventory turnover?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Beginning inventory 74,000. Cost of goods purchased 530, 900. Cost of goods available for sale
604,900. Ending inventory 72,000. Cost of goods sold 532,900. What is the inventory turnover?

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