Selected financial information for Atwell Company for 2009 follows. Sales ........ $ 1,500,000 Cost of goods sold

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Selected financial information for Atwell Company for 2009 follows.

Sales ........ $ 1,500,000

Cost of goods sold ... 1,200,000

Merchandise inventory

Beginning of year ..... 180,000

End of year ...... 220,000

Required

Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during 2009?

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Survey of Accounting

ISBN: 978-0073379555

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

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Question Posted: Jan 03, 2012 04:15 AM

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Selected financial information for Atwell Company for 2009 follows. Sales ........ $ 1,500,000 Cost of goods sold

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Survey of Accounting

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