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Home Q & A Board Science-Related Homework Help Mathematics
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chief333 chief333
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A year ago
Turner's Toys, Inc.

Selected figures from the Balance Sheet and Income Statement of Turner's Toys, Inc. are shown below. (Compute answer to two decimal places.)

From the Balance Sheet
 
From the Income Statement
Cash
$210,734
 Net Sales
$244,750
Accounts Receivable
$138,126
 Cost of Goods Sold
$190,000
Merchandise Inventory:  Net Income
$  26,406
          End of this year
$184,500
   
          End of last year
$178,300
   
Total Current Assets
$533,360
   
Total Current Liabilities.
$324,152
   
Total Stockholders' Equity
$149,208
   



Refer to Turner's Toys, Inc. Compute the inventory turnover rate.
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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alexisgardner09alexisgardner09
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