What is their inventory turnover
Problem: The revenue for a firm is $65,000. Its cost of revenue is $1,275,000 and its average inventory for the year is $79,000. What is their inventory turnover?
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Explain what the adjusting entry that was necessary due to the inventory count and how it would affect cost of goods sold and Parsi's forecast.
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Its cost of revenue is $1,275,000 and its average inventory for the year is $79,000. What is their inventory turnover?
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