Business, 01.12.2021 01:50, herchellann302

Thompson TV and Appliance reported the following in its 2016 financial statements: 2016 Sales $420,000 Cost of goods sold: Inventory, January 1 82,000 Net purchases 340,000 Goods available for sale 422,000 Inventory, December 31 86,000 Cost of goods sold 336,000 Gross profit $ 84,000 Thompson's 2016 inventory turnover ratio is:

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Thompson TV and Appliance reported the following in its 2016 financial statements: 2016 Sales $420,0...