Problema firm hast a net sales of 5880000 operating costs, Ask an Expert

Accounting

Problem:

A firm hast a net sales of $ 58800.00, Operating costs of $ 54,978.00, Depreciation of $ 1,020.00,EBIT of $ 2,793.00, interest $ 1050.00 and taxes of $ 610.10.

Required:

Question: What are the cost of goods sold and the inventory turnover ratio?

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170306

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