Motion Auto has the following information for the years ending December 31,2010 and 2009: Requirements 1. Compute

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Motion Auto has the following information for the years ending December 31,2010 and 2009:image text in transcribed

Requirements 1. Compute the rate of inventory turnover for Motion Auto for the years ended December 31, 2010 and 2009. Round the result to two decimal places.
2. What is a likely cause for the change in the rate of inventory turnover from 2009 to 2010?

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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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