Selected financial information for Feemster Company for 2012 follows. Required Assuming that the merchandise inventory buildup was

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Selected financial information for Feemster Company for 2012 follows.

Sales Cost of goods sold Merchandise inventory Beginning of year End of year $2,000,000 155,000 195,000

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Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during 2012?

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Fundamental Managerial Accounting Concepts

ISBN: 978-0078110894

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Authors: Edmonds, Tsay, olds

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Question Posted: Dec 07, 2011 06:49 AM

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Selected financial information for Feemster Company for 2012 follows. Required Assuming that the merchandise inventory buildup was

Question:

Sales Cost of goods sold Merchandise inventory Beginning of year End of year $2,000,000 155,000 195,000

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Fundamental Managerial Accounting Concepts

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