Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the year. The average inventory for the year amounted to $1171250. The inventory turnover for the year is O 12.0 times. O 3.3 times. O 8.0 times. 1.5 times. O Comforter
Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the year. The average inventory for the year amounted to $1171250. The inventory turnover for the year is O 12.0 times. O 3.3 times. O 8.0 times. 1.5 times. O Comforter
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the year. The average inventory for
the year amounted to $1171250. The inventory turnover for the year is
O 12.0 times.
O 3.3 times.
O
8.0 times.
O
1.5 times.
Comforter](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd7b3a5a8-62f8-422a-9e49-23846b36685e%2F95053227-5dfc-4dad-a4cd-9925740e6902%2Fqens3ru_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the year. The average inventory for
the year amounted to $1171250. The inventory turnover for the year is
O 12.0 times.
O 3.3 times.
O
8.0 times.
O
1.5 times.
Comforter
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