A company reports the following: Cost of goods sold .......$630,000 Average inventory ....... 90,000 Determine (a) The
Question:
A company reports the following:
Cost of goods sold .......$630,000
Average inventory ....... 90,000
Determine
(a) The inventory turnover
(b) The number of days’ sales in inventory.
Round to one decimal place.
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Step by Step Answer:
a Inventory Turnover Cost of Goods Sold Average Inventory Inventory Turnover 630...View the full answer
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Related Book For 
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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