The following information was available for Metlock, Inc. at December 31, 2022: beginning inventory $82000; ending inventory $1240003; cost of goods sold $620000; and sales $808000. Metlock inventory turnover ratio in 2022 was O 7.8 times. O 7.6 times. O 5.0 times. O 6.0 times.
The following information was available for Metlock, Inc. at December 31, 2022: beginning inventory $82000; ending inventory $1240003; cost of goods sold $620000; and sales $808000. Metlock inventory turnover ratio in 2022 was O 7.8 times. O 7.6 times. O 5.0 times. O 6.0 times.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![The following information was available for
Metlock, Inc. at December 31, 2022: beginning
inventory $82000; ending inventory $124000%3;
cost of goods sold $620000; and sales $808000.
Metlock inventory turnover ratio in 2022 was
O 7.8 times.
O 7.6 times.
O 5.0 times.
O 6.0 times.
Saye for Later](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb33fce48-b282-410a-8ab1-ee022258521a%2Fcd5c20b3-2ffe-4daf-bba4-73903d361208%2F0ytrx9q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following information was available for
Metlock, Inc. at December 31, 2022: beginning
inventory $82000; ending inventory $124000%3;
cost of goods sold $620000; and sales $808000.
Metlock inventory turnover ratio in 2022 was
O 7.8 times.
O 7.6 times.
O 5.0 times.
O 6.0 times.
Saye for Later
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