Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. based on the following data for the current year,

Based on the following data for the current year, what is the inventory turnover? Sales...

50.1K

Verified Solution

Question

Accounting

Based on the following data for the current year, what is the inventory turnover? Sales on account during year $553,004 Cost of goods sold during year 196,718 Accounts receivable, beginning of year 45,699 Accounts receivable, end of year 46,380 Inventory, beginning of year 32,061 Inventory, end of year 43,575 Do not round interim calculations. Round your final answer to one decimal place.

a.5.2 b.25 c.2.8 d.1.3

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Find the confidence interval specified Assume that the population is normally distributed The football coach...

Geometry
1.2K views

by which theorem DHF EHG F A ASA B SAS C SSS D HL can...

Basic Math
1.2K views

Use elementary row or column operations to evaluate the following determinant. You may use a calculator...

Chemistry
1.2K views

A saturated solution of barium fluoride, BaF2, was prepared by dissolving solid BaF2 in water. The...

Psychology
1.2K views

1) How does the youth who are a part of the LGBTQ community struggle with homelessness?

Psychology
1.2K views

IBM Watson Written to the executives of IBM Problems With IBM Watson: - Misdiagnosis - High Business Costs - Language...

Geometry
1.2K views

Find the exact value of sen a if a 3 and b 5 03 34...

Basic Math
1.2K views

Ten red balls and three blue balls are in a bag. If two balls from...

Accounting
1.2K views

Franscioso Company sells several products. Information of average revenue and costs is as follows: Selling...

Accounting
1.2K views

[The following intormation applies to the questions displayed below] The following information is departmental cost...

Accounting
1.2K views

3) Cash Service Revenue Salaries Expense Accounts Payable C Retained Earnings Utilities Expense Accounts Receivable...

Accounting
1.2K views

The principles regarding leases were recently updated by FASB as discussed in the textbook. Explain...