Question

Gibson’s Nursery has the following information as of December 31, 2014:
Requirements
1. Compute the rate of inventory turnover for Gibson’s Nursery for the year ended December 31, 2014. Round the result to two decimal places.
2. The rate of inventory turnover for Gibson’s Nursery was 17.36 in 2013. Has the rate improved or deteriorated?


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  • CreatedJuly 08, 2015
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