Middlesex, Incorporated's sales for the year ended July 31, 2018, were $1,309,000, and cost of...
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Middlesex, Incorporated's sales for the year ended July 31, 2018, were $1,309,000, and cost of goods sold arounted to $730,000. Beginning Inventory was $50,000, and ending inventory was $70,000 Compute Middlesex, Incorporated's rate of inventory tumover for the year ended July 31, 2018. Round your answer to the nearest tonth. Select the formula and then complete the calculation (Round the inventory tumover to one decimal place) = Inventory burnover times per year
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