Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. "during 2018, oriole company purchased $3,000,000

"During 2018, Oriole Company purchased $3,000,000 of inventory. The cost of goods sold for 2018...

60.1K

Verified Solution

Question

Accounting

"During 2018, Oriole Company purchased $3,000,000 of inventory. The cost of goods sold for 2018 was $4,500,000 and the ending inventory at December 31, 2018, was $250,000. What was the inventory turnover for 2018?

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Describe two targets of antibiotics and discuss why the drugs are effective.

Biology
Q

This week we are learning about atomic physics. At some point we talked about photons. Do...

Physics
Q

Calculate the work done to move a Q= - 10uC load from(0,0,0) m to (6,2,0) m...

Electrical Engineering
Q

9 21x1018 atoms of Titanium 44 decay until only 2 30x1018 atoms remain How many...

Physics
Q

Two plane mirrors are inclined at an angl of 75 to each other Find the...

Physics
Q

Two identical parallel plate capacitors are connected as shown in the figure Initially both have...

Physics
Q

farmer wants 150 pounds of fertilizer that is 12 nitrogen He has alread urchased fertilizer...

Basic Math
Q

Assume that y varies jointly as x and w and inversely as z If y...

Basic Math
Q

On a television show eight contestants try to lose the highest percentage of weight in...

Statistics
Q

30. Which of the following statements is true Select one : . A. ROPI =...

Accounting
Q

Axel's Mexican Restaurant incurred salaries expense of $68,000 for 2018. The payroll expense includes employer...

Accounting
Q

CHAPTER 10 STRAIGHT LINE VS. MACRS MACHINE DEPRECIABLE BASIS LIFE (YEARS) DATE PLACED IN SERVICE...

Accounting