On January 1,2041 Creek Company's beginning inventory was $500,000.During 2014 the company purchased $2,400,000 of additional inventory,and on December 31,2014 Creek's ending inventory was $300,000.
Required:
What was Creek's inventory turnover for 2014?

Question

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The Answer of On January 1,2041 Creek Company's beginning inventory was $500,000.During 2014 the company purchased $2,400,000 of additional inventory,and on December 31,2014 Creek's ending inventory was $300,000.
Required:
What was Creek's inventory turnover for 2014?

On January 1,2041 Creek Company's Beginning Inventory Was $500,000