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Harrison Harrison
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Posts: 626
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6 years ago
Data for Flat Panel Ltd. for the year ended December 31, 2013, are as follows:

   Sales revenue   $130,000
   Cost of goods sold   90,000
   Beginning inventory   35,000
   Ending inventory   40,000

Inventory turnover for 2013 is:
A) 2.40
B) 2.25
C) 1.07
D) 3.47
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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