The Blue Moon Corporation has ending inventory of $400,000, account receivable of $330,000, and cost of goods sold for the year just ended was $2,700,000. The company's inventory turnover ratio is _______. Round it to two decimal places

The Blue Moon Corporation has ending inventory of $400,000, account receivable of $330,000, and cost of goods sold for the year just ended was $2,700,000. The company's inventory turnover ratio is _______. Round it to two decimal places

Name: The Blue Moon Corporation has ending inventory of $400,000, account re
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Description: The Blue Moon Corporation has ending inventory of $400,000, account receivable of $330,000, and cost of goods sold for the year just ended was $2,700,000. The company's inventory turnover ratio is _______. Round it to two decimal places.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 46E

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