Char Daniels, controller for Chaka Inc., has the following items: Sales revenue $300,000 / Cost of goods

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Char Daniels, controller for Chaka Inc., has the following items: Sales revenue $300,000 / Cost of goods sold /$180,000 /Beginning inventory $85,000 /Ending inventory $65,000. Inventory turnover is:

Select one:

a. 4.00.

b. 2.40.

c. 2.00.

d. 2.12.

Related Book For answer-question

Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

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Posted Date: Apr 16, 2020 07:48 AM

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Char Daniels, controller for Chaka Inc., has the following items: Sales revenue $300,000 / Cost of goods

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Expert Answer:

b inventory turnover is ... View the full answer

Core Concepts of Accounting

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