Early in 2025, Carla Vista Company switched to a just-in-time inventory system. Its sales and inventory...
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Early in 2025, Carla Vista Company switched to a just-in-time inventory system. Its sales and inventory amounts for 2024 and 2025 are shown below. 2024 2025 Sales revenue $3,400,000 $3,700,000 Cost of goods sold 1,147,000 1,570,750 Beginning inventory 150,000 220,000 Ending inventory 220,000 85,000 (a1) Determine the inventory turnover for 2024 and 2025. (Round answers to 1 decimal place, e.g. 5.1.) Inventory turnover 2024 2025 Early in 2025, Carla Vista Company switched to a just-in-time inventory system. Its sales and inventory amounts for 2024 and 2025 are shown below. 2024 2025 Sales revenue $3,400,000 $3,700,000 Cost of goods sold 1,147,000 1,570,750 Beginning inventory 150,000 220,000 Ending inventory 220,000 85,000 (a1) Determine the inventory turnover for 2024 and 2025. (Round answers to 1 decimal place, e.g. 5.1.) Inventory turnover 2024 2025
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Posted Date:
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