Question
How much is the inventory turnover for the company? Blue Company (FIFO) $millions Sales COGS Inventories 2021 2020 $60,000$45,000 52,000 36,000 Yellow Company (LIFO) Sales
How much is the inventory turnover for the company?
Blue Company (FIFO) $millions Sales COGS Inventories 2021 2020 $60,000$45,000 52,000 36,000 Yellow Company (LIFO) Sales COGS Inventories $15,000 $85,000 $75,000 13,000 82,000 60,000 $30,000 27,000
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
10th edition
9780077515904, 007802529X, 77515900, 978-0078025297
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