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supersour supersour
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Hannah Corporation purchased merchandise totaling $180,000 during the year. At the end of the year, the income statement showed $200,000 of cost of goods sold and ending inventory to $40,000. What was Hannah's inventory turnover?
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Managerial Accounting

Managerial Accounting


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LoveameriahLoveameriah
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More solutions for this book are available here
Beginning inventory = $180,000 - $200,000 - $40,000 = $60,000
$200,000 ÷ $50,000 = 4 times per year
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