Zarruk Construction's DSO is 34 days (on a 365-day basis), accounts receivable are $68 million, and its balance sheet shows inventory of $156 million. The firm's cost of goods sold is 70% of sales. What is the inventory turnover ratio? Oa.3.28 Ob. 2.00 c. 7.96 Od. 4.68 Oe. 7.51

Zarruk Construction's DSO is 34 days (on a 365-day basis), accounts receivable are $68 million, and its balance sheet shows inventory of $156 million. The firm's cost of goods sold is 70% of sales. What is the inventory turnover ratio? Oa.3.28 Ob. 2.00 c. 7.96 Od. 4.68 Oe. 7.51

Name: Zarruk Construction's DSO is 34 days (on a 365-day basis), accounts r
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Description: Zarruk Construction's DSO is 34 days (on a 365-day basis), accounts receivable are $68 million, and its balance sheet shows inventory of $156 million. The firm's cost of goods sold is 70% of sales. What is the inventory turnover ratio?a. 3.28b. 2.00

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 6EB: Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a...

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