Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the year. The average inventory for the year amounted to $1171250. The inventory turnover for the year is O 12.0 times. O 3.3 times. O 8.0 times. 1.5 times. O
Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the year. The average inventory for the year amounted to $1171250. The inventory turnover for the year is O 12.0 times. O 3.3 times. O 8.0 times. 1.5 times. O
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 3RE: Shaquille Corporation began the current year with inventory of 50,000. During the year, its...
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Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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Transcribed Image Text:Bramble Corporation had net credit sales of $14100000 and cost of goods sold of $9370000 for the year. The average inventory for
the year amounted to $1171250. The inventory turnover for the year is
O 12.0 times.
O 3.3 times.
O
8.0 times.
O
1.5 times.
Comforter
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