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The following table shows data for Richard Black Health Centre for the past 5 years ending the 31 December 2018: 2018 20
Posted: Thu May 19, 2022 3:49 pm
by answerhappygod
- The Following Table Shows Data For Richard Black Health Centre For The Past 5 Years Ending The 31 December 2018 2018 20 1 (138.09 KiB) Viewed 61 times
The following table shows data for Richard Black Health Centre for the past 5 years ending the 31 December 2018: 2018 2017 2016 2015 2014 Net Sales $19,500 $17,400 $18,200 $16,500 $14,900 COGS 14,500 13,300 9,500 8,900 8,000 Inventory 13,000 12,200 8,700 9,500 9,300 Net A/R 7,500 6,800 7,200 7,000 6,500 What was the Inventory Turnover (times) for the 2015 year? formula: Inventory Turnover (times) = Cost Of Goods Sold / Average Inventory Balance Select one: O a. 2.27 times O b. 3.76 times O c. 2.55 times O d. 0.95 times