The following data were taken from the income statements of Metronix Corporation. Compute the inventory-turnover ratio for

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The following data were taken from the income statements of Metronix Corporation.

2012 2011 $4,658,125 Total revenue $3,776,395 Beginning inventory Purchases $231,313 $202,794 $566,145 $231,313 $510,711

Compute the inventory-turnover ratio for each year. What conclusions concerning the management of the inventory can be drawn from the data?

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Question Posted: Nov 12, 2018 12:33 PM

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The following data were taken from the income statements of Metronix Corporation. Compute the inventory-turnover ratio for

Question:

2012 2011 $4,658,125 Total revenue $3,776,395 Beginning inventory Purchases $231,313 $202,794 $566,145 $231,313 $510,711 Ending inventory $366,106

Step by Step Answer:

Inventory turnover ratio 2011 SalesAverage inventory balance 3776395 202794 23131305 ...View the full answer

Fundamentals of Engineering Economics

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