What is the six-month stock turnover based on the following figures and net sales of $878,000? Round to two decimal points. Month BOM Stock February $70,000 March 73,000 April 85,000 May 82,000 June 78,000 July 75,000 August 85,000

What is the six-month stock turnover based on the following figures and net sales of $878,000? Round to two decimal points. Month BOM Stock February $70,000 March 73,000 April 85,000 May 82,000 June 78,000 July 75,000 August 85,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter15: Capital Investment Analysis

Section: Chapter Questions

Problem 15.2.2MBA

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Question

What is the six-month stock turnover based on the following figures and net sales of $878,000? Round to two decimal points.

Month BOM Stock

February $70,000

March 73,000

April 85,000

May 82,000

June 78,000

July 75,000

August 85,000

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