Question: VUESLUIT Using the information provided, what is the inventory turnover for the firm? Perfect Purchase Electronics Selected Income Statement Items, 2014 Cash Sales $1,500,000 Credit

VUESLUIT Using the information provided, what is the inventory turnover for the firm? Perfect Purchase Electronics Selected Income Statement Items, 2014 Cash Sales $1,500,000 Credit Sales $7.500.000 Total Sales 59,000,000 COGS 56,000,000 Perfect Purchase Electronics Selected Balance Sheet Accounts 12/31/2014 12/31/2013 Change Accounts Receivable $270,000 $240,000 $30,000 Inventory $125,000 $100,000 $25,000 Accounts Payable $110,000 $90,000 $20,000 O 53.33 times 60.00 times O 23.53 times 48.00 times >

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