A company reports the following: Cost of goods sold....... $435,000 Average inventory ....... 72,500 Determine (a) The

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A company reports the following:

Cost of goods sold....... $435,000

Average inventory ....... 72,500

Determine

(a) The inventory turnover and

(b) The number of days’ sales in inventory. Round to one decimal place.

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Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Feb 28, 2014 09:18 AM

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A company reports the following: Cost of goods sold....... $435,000 Average inventory ....... 72,500 Determine (a) The

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a Inventory Turnover Cost of Goods Sold Average Inventory Inventory Turno...View the full answer

Financial And Managerial Accounting

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