On January 1, 2017, River Company's inventory was $400,000. During 2017, the company purchased $1,900,000 of additional

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On January 1, 2017, River Company's inventory was $400,000. During 2017, the company purchased $1,900,000 of additional inventory, and on December 31, 2017, its inventory was $500,000.

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What is the inventory turnover for 2017?

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Financial Reporting and Analysis

ISBN: 978-1259722653

7th edition

Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer

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Question Posted: Apr 28, 2017 08:09 AM

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On January 1, 2017, River Company's inventory was $400,000. During 2017, the company purchased $1,900,000 of additional

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Beginning inventory 400000 given Purchases 1...View the full answer

Financial Reporting and Analysis

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