Cost of goods sold for 2017 was $450,000 while net sales amounted to $800,000.On January 1,2017,inventory was $200,000 while on December 31,2017,inventory was $250,000.Inventory turnover for 2017 was:
A) 3.76
B) 2.00
C) 2.12
D) 2.25
Correct Answer:
Verified
Q135: Assume a company has a current ratio
Q136: Assume a company has a current ratio
Q137: All the following ratios are measures of
Q138: Assume for Down Corporation that current assets
Q139: The acid-test ratio is calculated as:
A) (total
Q141: All of the following ratios measure the
Q142: Canfield Corporation reports net income of $600,000
Q143: All of the following statements are true
Q144: Net credit sales for Kalkay Corporation for
Q145: Table 18-8
Peartree Company provides the following data:
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents