Question

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?



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  • CreatedFebruary 07, 2014
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