Selected financial information for Edwards Company for Year 4 follows. Sales ..................................... $800,000 Cost of goods sold

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Selected financial information for Edwards Company for Year 4 follows.

Sales ..................................... $800,000
Cost of goods sold ................ 500,000
Merchandise inventory
Beginning of year ................... 37,500
End of year .............................. 42,500

Required

Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4?

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Survey Of Accounting

ISBN: 9781260575293

6th Edition

Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds

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Question Posted: Dec 01, 2020 06:03 AM

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Selected financial information for Edwards Company for Year 4 follows. Sales ..................................... $800,000 Cost of goods sold

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Survey Of Accounting

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