Exercise 6-14 (Part Level Submission) This information is available for Wildhors

Question

Exercise 6-14 (Part Level Submission) This information is available for Wildhorse Co. for 2017, 2018, and 2019. 2017 2018 -2019 : Beginning inventory 104,000 $ 311,500 410,500 311,500 410,500 474,000 Cost of goods sold 891,000 1,129,000 1,290,000 1,194,500 1,595,000 1,895,500 Ending inventory Sales revenue (al) R] Your answer is incorrect. Try again. Calculate inventory turnover for Wildhorse Co. for 2017, 2018, and 2019. (Round answers to 2 decimal places, e.o 2017 2018 2019 2456000 Inventory turnover LINK TO TEXT Attempts: 1 of 3

Explanation / Answer

2017 2018 2019 Beginning Inventory 104000 311500 410500 Ending Inventory 311500 410500 474000 Average inventory 207750 361000 442250 Cost of goods sold 891000 1129000 1290000 Inventory turnover 4.29 3.13 2.92

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