Selected financial information for Wilson Company for 2015 follows Sales
Selected financial information for Wilson Company for 2015 follows.
Sales ............. $1,600,000
Cost of goods sold ....... 1,000,000
Merchandise inventory
Beginning of year ....... 75,000
End of year ......... 85,000

Required
Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turnover during 2015?

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help