Question: Pete s Plants has the following information as of October 31

Pete’s Plants has the following information as of October 31, 2014:
Requirements
1. Compute the rate of inventory turnover for Pete's Plants for the year ended October 31, 2014. Round the result to two decimal places.
2. The rate of inventory turnover for Pete’s Plants was 21.96 in 2013. Has the rate improved or deteriorated?


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  • CreatedJuly 08, 2015
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