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Serene corporation had 25000 units of brake calipers on

Question - Serene Corporation had 25,000 units of brake calipers on hand at the end of 2015. The company's inventory policy was to maintain an ending inventory equal to 20% of the current year's sales. During 2016, Serene sold 290,000 units of calipers. How many units did Serene purchase in 2016?

323,000.

290,000.

270,800.

267,500.

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Accounting Basics: Serene corporation had 25000 units of brake calipers on

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Accounting Basics: Serene corporation had 25000 units of brake calipers on

Reference No:- TGS02580113

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