The following information was taken from Rose Company's accounting records for June: purchase discounts. cost of goods sold. freight-out. $ 9,000 $134,000 $ 21,000 beginning inventory dotsdotsdotsdotsdotsdots.dots. $74,000 purchases.. soles revenue. purchase returns. seles discounts. $103,000 $275,000 $ 24,000 see note below NOTE: 5 n Rose Company offers credit terms of to its 15'45 customers. Of the $275,000 in sales during May, 80% of these customers paid within the discount period. Calculate Rose Company's inventory turnover ratio for June,

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 2CE: Prepare journal entries for the following sales and cash receipts transactions. (a) Merchandise is...
Question
not use ai please
The following information was taken from Rose Company's
accounting records for June:
purchase discounts.
cost of goods sold.
freight-out.
$ 9,000
$134,000
$ 21,000
beginning inventory dotsdotsdotsdotsdotsdots.dots. $74,000
purchases..
soles revenue.
purchase returns.
seles discounts.
$103,000
$275,000
$ 24,000
see note below
NOTE:
5
n
Rose Company offers credit terms of
to its
15'45
customers. Of the $275,000 in sales during May, 80%
of these customers paid within the discount period.
Calculate Rose Company's inventory turnover ratio for
June,
Transcribed Image Text:The following information was taken from Rose Company's accounting records for June: purchase discounts. cost of goods sold. freight-out. $ 9,000 $134,000 $ 21,000 beginning inventory dotsdotsdotsdotsdotsdots.dots. $74,000 purchases.. soles revenue. purchase returns. seles discounts. $103,000 $275,000 $ 24,000 see note below NOTE: 5 n Rose Company offers credit terms of to its 15'45 customers. Of the $275,000 in sales during May, 80% of these customers paid within the discount period. Calculate Rose Company's inventory turnover ratio for June,
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