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Inventory turnover 2020 Formula Inventory Turnover Ratio = Costs of Goods Sold Average Inventory Given Costs of Goods Sold = 42,971 Average Inventory = 10,101 42,971 10,101 Solution Inventory Turnover Ratio = Answer Inventory Turnover Ratio = 4.254 2019 Costs of Goods Sold = 46,647 Average Inventory = 9,343 Inventory Turnover Ratio = 46,647 9,343 Inventory Turnover Ratio = 4.993

Inventory turnover 2020 Formula Inventory Turnover Ratio = Costs of Goods Sold Average Inventory Given Costs of Goods Sold = 42,971 Average Inventory = 10,101 42,971 10,101 Solution Inventory Turnover Ratio = Answer Inventory Turnover Ratio = 4.254 2019 Costs of Goods Sold = 46,647 Average Inventory = 9,343 Inventory Turnover Ratio = 46,647 9,343 Inventory Turnover Ratio = 4.993

FINANCIAL ACCOUNTING
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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MAKE AN INTERPRETATION AND ANALYSIS FOR THIS TABLE BELOW. I WILL UPVOTE. THANK YOU 2020 Formula Inventory Turnover Ratio = Given Inventory turnover Solution Costs of Goods Sold = 42,971 Average Inventory = 10,101 Inventory Turnover Ratio = Answer Inventory Turnover Ratio = 4.254 Costs of Goods Sold Average Inventory 2019 Costs of Goods Sold 46,647 Average Inventory = 9,343 42,971 Inventory Turnover Ratio = 10,101 46,647 9,343 Inventory Turnover Ratio = 4.993
Transcribed Image Text:MAKE AN INTERPRETATION AND ANALYSIS FOR THIS TABLE BELOW. I WILL UPVOTE. THANK YOU 2020 Formula Inventory Turnover Ratio = Given Inventory turnover Solution Costs of Goods Sold = 42,971 Average Inventory = 10,101 Inventory Turnover Ratio = Answer Inventory Turnover Ratio = 4.254 Costs of Goods Sold Average Inventory 2019 Costs of Goods Sold 46,647 Average Inventory = 9,343 42,971 Inventory Turnover Ratio = 10,101 46,647 9,343 Inventory Turnover Ratio = 4.993
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