20 Hint: Inventory Turnover COGS/Average Ending Inventory Universal Sports Supply began the year with an inventory...
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20 Hint: Inventory Turnover COGS/Average Ending Inventory Universal Sports Supply began the year with an inventory balance of $76,000 and a year-end balance of $64,000. Sales of $660,000 generate a gross profit of $220,000. Calculate the inventory turnover ratio for the year. 013353) Inventory Turnover Ratio Numerator/Denominator Amounts Universal Sports Supply times 20 Hint: Inventory Turnover COGS/Average Ending Inventory Universal Sports Supply began the year with an inventory balance of $76,000 and a year-end balance of $64,000. Sales of $660,000 generate a gross profit of $220,000. Calculate the inventory turnover ratio for the year. 013353) Inventory Turnover Ratio Numerator/Denominator Amounts Universal Sports Supply times
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