A firm has $180 million in annual sales; $40 million of inventory and $60 million of accounts

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A firm has $180 million in annual sales; $40 million of inventory and $60 million of accounts receivable. What is the inventory turnover ratio?

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Calculus

ISBN: 9781285057095

10th Edition

Authors: Ron Larson, Bruce H. Edwards

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Posted Date: Jan 29, 2024 09:12 AM

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A firm has $180 million in annual sales; $40 million of inventory and $60 million of accounts

Question:

Expert Answer:

To calculate the inventory turnover ratiowe can follow this formula Inventory Turnover Ratio Ann... View the full answer

Calculus

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