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Business, 28.04.2021 21:20 zodiacpumpkin1126

Thompson TV and Appliance reported the following in its 2021 financial statements: 2021 Sales $ 420,000 Cost of goods sold: Inventory, January 1 82,000 Net purchases 340,000 Goods available for sale 422,000 Inventory, December 31 86,000 Cost of goods sold 336,000 Gross profit $ 84,000 Thompson's 2021 inventory turnover ratio is:

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Thompson TV and Appliance reported the following in its 2021 financial statements: 2021 Sales $ 420,...
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