Blue Spruce Corp. had net credit sales of $ 13019000 and cost of goods sold of $

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Blue Spruce Corp. had net credit sales of $13019000 and cost of goods sold of $9500000 for the year. The average inventory for the year amounted to $1900000. The inventory turnover for the year is

6.9 times.
1.4 times.
1.9 times.
5.0 times.

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Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

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Posted Date: Feb 21, 2022 10:54 PM

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Blue Spruce Corp. had net credit sales of $ 13019000 and cost of goods sold of $

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