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Roger Williams Univerity Operations And Supply Chain Management Assignment Help - Financial Statement


Question - The following information is taken from the financial statement of Mark's Bike Shop: Total Current Assets $48,000 Property, equipment $5,000 Current liabilities $12,000 Long Term Liabilities $3,000 Owner's Equity $38,000 Beginning Inventory $40,000 Ending Inventory $32,000 Cost of Goods Sold $125,000 Net Income $40,000 The inventory turnover of Mark's Bike Shop is: A) 3.5 B)4.6 C)5 *Please give steps to your answer.

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