Crue Company's merchandise inventory and other related accounts for 2014 follow:
$$\begin{array} { l r }
\text { Sales } & \$ 3,937,500 \
\text { Cost of goods sold } & 2,756,250 \
\text { Merchandise inventory: } & \
\text { Beginning of year } & 750,000 \
\text { End of year } & 825,000
\end{array}$$
Required:
Calculate Crue's inventory turnover during 2014 assuming that the merchandise inventory buildup was relatively constant during the year.

Question

Crue Company's merchandise inventory and other related accounts for 2014 follow:
$$\begin{array} { l r } 
\text { Sales } & \$ 3,937,500 \
\text { Cost of goods sold } & 2,756,250 \
\text { Merchandise inventory: } & \
\text { Beginning of year } & 750,000 \
\text { End of year } & 825,000
\end{array}$$ 
Required:
Calculate Crue's inventory turnover during 2014 assuming that the merchandise inventory buildup was relatively constant during the year.

Quizplus · Accepted Answer

The Answer of Crue Company's merchandise inventory and other related accounts for 2014 follow:
$$\begin{array} { l r } 
\text { Sales } & \$ 3,937,500 \
\text { Cost of goods sold } & 2,756,250 \
\text { Merchandise inventory: } & \
\text { Beginning of year } & 750,000 \
\text { End of year } & 825,000
\end{array}$$ 
Required:
Calculate Crue's inventory turnover during 2014 assuming that the merchandise inventory buildup was relatively constant during the year.

Crue Company's Merchandise Inventory and Other Related Accounts for 2014