A company has sales of $ 2 2 5 , 0 0 0 cost of goods sold

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Question:

A company has sales of $

225, 000

cost of goods sold of $

115, 000

average inventory during the year of $

65, 000

and ending inventory of $

80, 000 .

What is the company's inventory turnover for the year?

Related Book For answer-question

Financial Accounting A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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Posted Date: Apr 16, 2024 04:41 AM

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A company has sales of $ 2 2 5 , 0 0 0 cost of goods sold

Question:

Expert Answer:

Calculating the Inventory Turnover Ratio The inventory turnover ratio measures how efficiently a com... View the full answer

Financial Accounting A User Perspective

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