Exercise $9-4$A $($Algo$)$ Inventory turnover LO $09-02$Selected financial information for Solomon Company for Year $4$ follows:$\backslash$table$[[$Sales$,$$$2,350,000$

 

 

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es Exercise 9-4A (Algo) Inventory turnover LO 09-02 Selected financial information for Solomon Company for Year 4 follows: Sales Cost of goods sold Merchandise inventory Beginning of year End of year Required $ 2,350,000 1,645,000 151,000 194,000 Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4? Note: Round your answer to 2 decimal places. Merchandise inventory turnover times es Exercise 9-4A (Algo) Inventory turnover LO 09-02 Selected financial information for Solomon Company for Year 4 follows: Sales Cost of goods sold Merchandise inventory Beginning of year End of year Required $ 2,350,000 1,645,000 151,000 194,000 Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4? Note: Round your answer to 2 decimal places. Merchandise inventory turnover times

Answer rating: 100% (QA)

SOLUTION To calculate the merchandise inventory turnover we need to divide ... View the full answer