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Find amount of inventories if turnover ratio is maintained

The Robinson Company had a cost of goods sold of 1,000,000 in 2011 and 1,200,000 in 2012. a) calculate the inventory turnover for each year. Comment on your findings. b) what would have been the amount of inventories in 2012 if the 2011 turnover ratio had been maintained?

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Finance Basics: Find amount of inventories if turnover ratio is maintained

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