Business, 13.08.2021 05:00 mariap3504
Your company sells $469,300 of goods during the year that have a cost of $398,600. Inventory was $29,783 at the beginning of the year and $34,038 at the end of the year.
Use the information above to answer the following question. What is the inventory turnover ratio?
A) 2.2 times
B) 13.4 times
C) 14.7 times
D) 12.5 times
Answers: 3
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By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?
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Your company sells $469,300 of goods during the year that have a cost of $398,600. Inventory was $29...
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