Logan Inc. has the following selecting financial information: December 31 2018 2019 Sales $250,000 $275,000 COGS $125,000

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Logan Inc. has the following selecting financial information: December 31 2018 2019 Sales $250,000 $275,000 COGS $125,000 $162,000 Operating Expenses $40,000 $45,000 Fixed Assets $90,000 $100,000 Inventory $60,000 $70,000 Current Liabilities $ 13,000 $ 15,000

16. Logan’s 2019 inventory turnover is closest to? A. 1.92 B. 2.08 C. 2.31 D. 2.49

17. Logan’s 2019 Fixed Assets turnover is closest to? A. 2.89 B. 1.19 C. 0.72 D. 2.75

Related Book For answer-question

Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: Feb 24, 2024 02:13 AM

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Logan Inc. has the following selecting financial information: December 31 2018 2019 Sales $250,000 $275,000 COGS $125,000

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Ratio Calculations Inventory Turnover Ratio Inventory Turnover Ratio Cost of Goods Sold ... View the full answer

Intermediate Accounting IFRS

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