Calculate the amount of the companys inventory turnover, Accounting Basics

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Calculate the amount of the companys inventory turnover

Alamo Company has sales, cost of goods sold, and average ending inventory for the current year in the following amounts: $650,000, $500,000, and $128,000, respectively.

1.Calculate the amount of the company's inventory turnover for the year. (Round your answer to 2 decimal places.)

What is the inventory turnover?

2.What is the company's average number of days to sell inventory?

What is the average number of days?

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Accounting Basics: Calculate the amount of the companys inventory turnover

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Accounting Basics: Calculate the amount of the companys inventory turnover

Reference No:- TGS0697166

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Type of energy-kinetic-potential is contained in chemicals

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Ask an Expert for Answer!!

Accounting Basics: Calculate the amount of the companys inventory turnover

Reference No:- TGS0697166

Recent Questions Asked Accounting Basics

Q : Type of energy-kinetic-potential is contained in chemicals

Q : Determine its break-even point in both sales units

Q : Prepare and describe each incorrect assumption

Q : Problem related to neutralization reaction

Q : Calculate the amount of the companys inventory turnover

Q : Which alternative should be chosen under maximax criterion

Q : Concentration of the phosphoric acid

Q : What is the total depreciation expense for the current year

Q : What is the book value at the end of the second year

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