With a cost of goods sold of 094 per sales dollar what is


Question - A very important company has annual sales of 401 million and an average annual inventory valued at 15 million. With a cost of goods sold of 0.94 per sales dollar, what is the inventory turn value for the company? What average inventory turn value would produce a turn ratio of 173?

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Accounting Basics: With a cost of goods sold of 094 per sales dollar what is
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