On January 1, 2014, River Companys inventory was $400,000. During 2014, the company purchased $1,900,000 of additional

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On January 1, 2014, River Company’s inventory was $400,000. During 2014, the company purchased $1,900,000 of additional inventory, and on December 31, 2014, its inventory was $500,000.

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What is the inventory turnover for 2014?

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Financial Reporting and Analysis

ISBN: 978-0078025679

6th edition

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

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Question Posted: Sep 10, 2014 09:36 AM

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On January 1, 2014, River Companys inventory was $400,000. During 2014, the company purchased $1,900,000 of additional

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Financial Reporting and Analysis

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