The financial analysis of a manufacturing company for the previous year yielded the following details: Component Net revenue Amount (in €) 30,000 18,000 Cost of goods sold Value on hand Raw material Work in process Finished goods 900 1,000 1,500 The inventory turnover of the company is turns. (Enter your response rounded to two decimal places.)

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter27: Manufacturing Accounting: The Work Sheet And Financial Statements
Section: Chapter Questions
Problem 7SPA: FINANCIAL STATEMENTS The Income Statement and Balance Sheet columns of Braiden Companys work sheet...
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The financial analysis of a manufacturing company for the previous year yielded the following details:
Component
Net revenue
Cost of goods sold
Value on hand
Raw material
Work in process
Finished goods
Amount (in €).
30,000
18,000
900
1,000
1,500
The inventory turnover of the company is
turns. (Enter your response rounded to two decimal places.)
Transcribed Image Text:The financial analysis of a manufacturing company for the previous year yielded the following details: Component Net revenue Cost of goods sold Value on hand Raw material Work in process Finished goods Amount (in €). 30,000 18,000 900 1,000 1,500 The inventory turnover of the company is turns. (Enter your response rounded to two decimal places.)
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