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Inventory turnover equals average ending inventory divided by cost of goods sold. (True or false?)

tivo

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8 years ago

Inventory turnover equals average ending inventory divided by cost of goods sold. (True or false?)

Inventory turnover equals average ending inventory divided by cost of goods sold.
Is this statement one that's true or false?

Textbook

Financial Accounting

Edition: 3^rd

Authors: Kemp, Waybright

Read 158 times

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largerthanlife

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Solved Cost of goods sold equals:
Solved The inventory turnover rate is computed by:
Solved Inventory turnover is (Multiple Choice Question)
Solved Inventory turnover is calculated as:
Solved Cost of goods sold plus ending inventory equals:
Solved Inventory Turnover can be calculated by:
Solved Calculate inventory turnover at cost (to nearest tenth):Ending Inventory$ 35,000Beginning Inventory$ ...
Solved The cost ratio times ending inventory at cost equals ending inventory at retail.

tivo Author

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#2

8 years ago

Thank you for helping me with my accounting homework, will ask again

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