At December 31, 2014, the following information was available for A. Kamble Company: ending inventory $40,200, beginning inventory $57,470, cost of goods sold $276,700, and sales revenue $396,000. Calculate inventory turnover for A. Kamble Company. (Round answer to 1 decimal place, e.g. 1.5.)
At December 31, 2014, the following information was available for A. Kamble Company: ending inventory $40,200, beginning inventory $57,470, cost of goods sold $276,700, and sales revenue $396,000. Calculate inventory turnover for A. Kamble Company. (Round answer to 1 decimal place, e.g. 1.5.)
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 46E
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At December 31, 2014, the following information was available for A. Kamble Company:
ending inventory $40,200,
beginning inventory $57,470,
cost of goods sold $276,700,
and sales revenue $396,000.
Calculate inventory turnover for A. Kamble Company. (Round answer to 1 decimal place, e.g. 1.5.)
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