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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
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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