The Universal Network has sales of $496,500, cost of goods sold of $264,900, and inventory of $87,100.

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The Universal Network has sales of $496,500, cost of goods sold of $264,900, and inventory of $87,100. What is the inventory turnover rate?

1.33

3.04

5.70

7.14

8.47

Related Book For answer-question

Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Posted Date: Jan 04, 2021 04:40 AM

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The Universal Network has sales of $496,500, cost of goods sold of $264,900, and inventory of $87,100.

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Sol Sales 496500 Cost of goods sold 26... View the full answer

Cornerstones of Financial and Managerial Accounting

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