Marian Company reported the following items for the month of July: Cost of goods sold Sales revenue $478,300 0$320,000 Beginning inventory $62,400 Ending inventory Inventory turnover is: (Round your final answer to two decimal places.) A. 5.13. B. 3.8. C. 4.37. D. 2.16. $84,200
Marian Company reported the following items for the month of July: Cost of goods sold Sales revenue $478,300 0$320,000 Beginning inventory $62,400 Ending inventory Inventory turnover is: (Round your final answer to two decimal places.) A. 5.13. B. 3.8. C. 4.37. D. 2.16. $84,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Marian Company reported the following items for the month of July:
Cost of goods sold
Sales revenue
$478,300.
$62,400
0$320,000
Beginning inventory
Ending inventory
Inventory turnover is: (Round your final answer to two decimal places.)
A. 5.13.
B. 3.8.
C. 4.37.
D. 2.16.
$84,200
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