menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Information for Decisions Study Set 3
  4. Exam
    Exam 5: Reporting and Analyzing Inventories
  5. Question
    Perfection Company Had Cost of Goods Sold of $853,000,ending Inventory
Solved

Perfection Company Had Cost of Goods Sold of $853,000,ending Inventory

Question 142

Question 142

Multiple Choice

Perfection Company had cost of goods sold of $853,000,ending inventory of $70,500,and average inventory of $71,600.Its inventory turnover equals:


A) 11.9.
B) 1.0.
C) 6.0.
D) 30.6.
E) 14.0.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q43: The inventory turnover ratio is computed by

Q55: Explain the reason a company might use

Q64: Some companies use the _ constraint to

Q83: Generally accepted accounting principles require that the

Q86: One application of internal control when taking

Q139: Use the following information for Ephron Company

Q140: A company has beginning inventory of 10

Q141: A company's inventory records indicate the following

Q195: What specific costs and deductions are used

Q206: The lower of cost or market rule

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines