Excerpts from Karla Salons' December 31, 20x2 and 20x1, financial statements are presented below: 20x2 Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income Multiple Choice $ 42,000 29,000 3.90. 213,300 116,000 427,000 242,000 34,000 What is Karla's inventory turnover for 20x2? (Round your answer to 2 decimal places.) 20x1 $ 37,000 37,000 200,000 109,000 406,000 226,000 29,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Excerpts from Karla Salons' December 31, 20x2 and 20x1, financial statements are presented below:
20x2
Accounts receivable
Merchandise inventory
Net sales
Cost of goods sold.
Total assets
Total shareholders' equity
Net income
Multiple Choice
What is Karla's inventory turnover for 20x2? (Round your answer to 2 decimal places.)
O
O
3.90.
$ 42,000
29,000
213,300
116,000
427,000
242,000
34,000
4.00.
20x1
$ 37,000
37,000
200,000
109,000
406,000
226,000
29,000
Transcribed Image Text:Excerpts from Karla Salons' December 31, 20x2 and 20x1, financial statements are presented below: 20x2 Accounts receivable Merchandise inventory Net sales Cost of goods sold. Total assets Total shareholders' equity Net income Multiple Choice What is Karla's inventory turnover for 20x2? (Round your answer to 2 decimal places.) O O 3.90. $ 42,000 29,000 213,300 116,000 427,000 242,000 34,000 4.00. 20x1 $ 37,000 37,000 200,000 109,000 406,000 226,000 29,000
What is Karla's inventory turnover for 20x2? (Round your answer to 2 decimal places.)
Multiple Choice
O
O
O
3.90.
4.00.
6.46.
3.52.
Transcribed Image Text:What is Karla's inventory turnover for 20x2? (Round your answer to 2 decimal places.) Multiple Choice O O O 3.90. 4.00. 6.46. 3.52.
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