6. Olivia had a beginning inventory of $8,500. During the month of May she purchased $6,000...
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6. Olivia had a beginning inventory of $8,500. During the month of May she purchased $6,000 of food and had an ending inventory of $4,800 at the end of the month. Her sales for May were $10,750. What was her inventory turnover? (5 points) 6. Olivia had a beginning inventory of $8,500. During the month of May she purchased $6,000 of food and had an ending inventory of $4,800 at the end of the month. Her sales for May were $10,750. What was her inventory turnover? (5 points)
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To calculate the inventory turnover we need to divide the cost ... View the full answer
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