Calculate inventory turnover and days in inventory, Accounting Basics

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Calculate inventory turnover and days in inventory

At December 31, 2011, the following information was available for J. Graff Company: ending inventory $53,800, beginning inventory $65,120, cost of goods sold $285,860, and sales revenue $381,580. Calculate inventory turnover and days in inventory for J. Graff Company?

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Accounting Basics: Calculate inventory turnover and days in inventory

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Accounting Basics: Calculate inventory turnover and days in inventory

Reference No:- TGS073968

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Calculation for the adjustments of net income

Q : Net amount required to retire a bond before maturity

Q : What is the maturity risk premium

Q : Appropriate adjusting journal entry

Q : Calculate inventory turnover and days in inventory

Q : What amount will be reported for loss on income statement

Q : Necessary adjusting journal entry on friday

Q : Describe the tax consequences to mound corporation

Q : Job costs in a service organization

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Calculate inventory turnover and days in inventory

Reference No:- TGS073968

Recent Questions Asked Accounting Basics

Q : Calculation for the adjustments of net income

Q : Net amount required to retire a bond before maturity

Q : What is the maturity risk premium

Q : Appropriate adjusting journal entry

Q : Calculate inventory turnover and days in inventory

Q : What amount will be reported for loss on income statement

Q : Necessary adjusting journal entry on friday

Q : Describe the tax consequences to mound corporation

Q : Job costs in a service organization

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