What was the company''s inventory turnover ratio for the year, Accounting Basics

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What was the company''s inventory turnover ratio for the year

Selected year-end data for the Brayer Company are presented below:

Current liabilities $600,000
Acid-test ratio 2.5 to 1
Current ratio 3.0 to 1
Cost of goods sold $500,000

The company has no prepaid expenses and inventories remained unchanged during the year. Based on these data, what was the company's inventory turnover ratio for the year ?

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Accounting Basics: What was the company''s inventory turnover ratio for the year

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Accounting Basics: What was the company''s inventory turnover ratio for the year

Reference No:- TGS086098

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Recent Questions Asked Accounting Basics

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Accounting Basics: What was the company''s inventory turnover ratio for the year

Reference No:- TGS086098

Recent Questions Asked Accounting Basics

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