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    Financial Accounting Information Study Set 1
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    Exam 13: Analyzing and Interpreting Financial Statements
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    A Company Has an Inventory Turnover Ratio of 2
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A Company Has an Inventory Turnover Ratio of 2

Question 67

Question 67

Short Answer

A company has an inventory turnover ratio of 2.90,merchandise inventory for 2011 is $46,095,and cost of goods sold is $173,420.What is the average inventory?

Correct Answer:

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2.90 = 17...

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