Multiple Choice
4.09
3.75
0.83
1.20
Homework Answers
Inventory turnover ratio for year 2=Cost of goods sold/average inventory
Inventory turnover ratio for year 2=900/((240+200)/2)
Inventory turnover ratio for year 2=4.09
Add Answer to:
Multiple Choice
4.09
3.75
0.83
1.20
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Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Year 2...
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