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Business, 16.12.2019 18:31, PersonPerson13260
Compute the inventory turnover ratio using the following information: net sales is $100,000 for the year, costs of goods sold are $40,000, last year's assets in place were $900,000, and this year's assets in place are $1,100,000. receivables for both years are $50,000. inventory changed from $30,000 last year to $10,000 this year.
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Compute the inventory turnover ratio using the following information: net sales is $100,000 for the...
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