Question: Question 29 --/3.75 View Policies Current Attempt in Progress Use the following information for Novak Corp., Swifty Corporation, Sheffield Industries, and Evans Services to answer

Question 29 --/3.75 View Policies Current Attempt in Progress Use the

following information for Novak Corp., Swifty Corporation, Sheffield Industries, and Evans Services

Question 29 --/3.75 View Policies Current Attempt in Progress Use the following information for Novak Corp., Swifty Corporation, Sheffield Industries, and Evans Services to answer the question "Using LIFO, what is Novak's inventory turnover for 2022 (to the closest decimal place)?" Novak Swifty Sheffield Evans Inventory Method for 2021 & 2022 LIFO FIFO LIFO FIFO 2021 Ending inventory assuming LIFO $320 $409 $529 $448 0 $243 0 $332 $683 $159 0 2022 Ending inventory assuming FIFO $556 $596 $197 $522 2021 Current assets (reported on balance sheet) $1657 $2039 2021 Current liabilities $1007 $1205 2022 Current assets (reported on balance sheet) $2235 $2627 2022 Current liabilities $1320 $1414 2022 Cost of goods sold $4680 $5052 $1294 $2766 $553 $1216 $1086 $2406 $467 $980 $3016 $6986 O 12.2 times O 9.7 times 07.4 times 06.3 times

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