Question:
Calculate the inventory turnover at cost for Ricky's
Last updated: 7/15/2022
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Calculate the inventory turnover at cost for Ricky's Department Store. The starting inventory at cost was $483,800 and the ending inventory at cost was $238,000. Cost of goods sold for the year totaled $2,610,660. (Round your answer to the nearest tenth.) 3.6 4.9 7.2 10.9