Merchandise inventory turnover ratio, Accounting Basics

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Merchandise inventory turnover ratio

Topiary's Unlimited has a cost of goods sold of $1,600,000. The beginning merchandise inventory was $195,000 and the ending merchandise inventory is $205,000. Topiary's merchandise inventory turnover ratio is:

A. 8.21 times.

B. 7.80 times.

C. 8.00 times.

D. 9.00 times.

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Accounting Basics: Merchandise inventory turnover ratio

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Request for Solution File

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Accounting Basics: Merchandise inventory turnover ratio

Reference No:- TGS047946

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Accounts receivable turnover rate problem

Q : How many firms to expect there to be in industry

Q : Problem about ending accounts receivable balance

Q : How protectionist policies affect china-s relative supply

Q : Merchandise inventory turnover ratio

Q : What amount of income must be included

Q : Beginning-ending merchandise inventories problem

Q : Explain how supply has increased more rapidly than demand

Q : Average collection period of the receivables

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Merchandise inventory turnover ratio

Reference No:- TGS047946

Recent Questions Asked Accounting Basics

Q : Accounts receivable turnover rate problem

Q : How many firms to expect there to be in industry

Q : Problem about ending accounts receivable balance

Q : How protectionist policies affect china-s relative supply

Q : Merchandise inventory turnover ratio

Q : What amount of income must be included

Q : Beginning-ending merchandise inventories problem

Q : Explain how supply has increased more rapidly than demand

Q : Average collection period of the receivables

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