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QUESTION
The following information was available for Splish Brothers Inc. at December 31, 2017: beginning inventory $80000; ending inventory $102000; cost of...
The following information was available for Splish Brothers Inc. at December 31, 2017: beginning inventory $80000; ending inventory $102000; cost of goods sold $620000; and sales $912000. Splish inventory turnover ratio (rounded) in 2017 was
6.1 times.
10.0 times.
7.8 times.
6.8 times.
