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Your firm has sales of $628,000 and cost of goods...

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Question

Your firm has sales of $628,000 and cost of goods sold of $402,000. At the beginning of the year, your inventory was $31,000. At the end of the year, the inventory balance was $33,000. What is the inventory turnover rate? Show calculations. A. 11.23 times B. 12.56 times C. 18.60 times D. 19.63 times E. 29.06 times

 

Paper#8037 | Written in 18-Jul-2015

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