Marshall Inc. has $500,000 in cost of goods sold and an average inventory balance of $210,000 for
Question:
Marshall Inc. has $500,000 in cost of goods sold and an average inventory balance of $210,000 for fiscal 2020.
Inventory turnover for 2020 is:
a. 1.50 times per year
b. 0.42 times per year
c. 2.20 times per year
d. 2.38 times per year
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Related Book For
Fundamental Accounting Principles Volume I
ISBN: 978-1260305821
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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