Use the Wins Companies data in Short Exercise 15-5 to complete the following requirements. Requirements 1. Compute
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Requirements
1. Compute the rate of inventory turnover, days in inventory, and gross profit percentage for 2012.
2. Compute days’ sales in average receivables during 2012. Round dollar amounts to three decimal places.
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Req 1 The rate of inventory turnover for 2012 is 376 times ...View the full answer
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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