Question: Required: 1. Determine Rowan's inventory turnover. Note: Round your answer to 2 decimal places The following is a portion of the condensed income statement for

The following is a portion of the condensed income statement for Rowan,

Required: 1. Determine Rowan's inventory turnover. Note: Round your answer to 2 decimal places

The following is a portion of the condensed income statement for Rowan, Incorporated, a manufacturer of plastic containers: (785,000) Net sales Less: Cost of goods sold: Inventory, January 1 Net purchases Inventory , December 31 Gross prof it Required: 1. Determine Rowan's inventory turnover. $ 820,000 3,800,000 3,835,000 $ 525,000 Note: Round your answer to 2 decimal places. ventory tumover times

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