The following information was available for Concord Corporation at December 31, 2017: beginning inventory $95000;...
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Accounting
The following information was available for Concord Corporation at December 31, 2017: beginning inventory $95000; ending inventory $128000; cost of goods sold $620000; and sales $936000. Concord inventory turnover ratio (rounded) in 2017 was
Question 24 options:
6.5 times.
4.8 times.
8.4 times
5.6 times
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