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(Solved): The financial data for Crane's Fresh Fruits Incorporated and Cullumber's Supermarket Ltd. for the c ...




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The financial data for Crane's Fresh Fruits Incorporated and Cullumber's Supermarket Ltd. for the current year are as follows; (a) -7 Your answer is partially correct. Calculate the inventory turnover for each company. (Round answers to 1 decimal place, e.8. 18.4.)


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Inventory turnover = Cost of goods sold / Average inventory
Crane's Fresh fruits = $9,988,280 / [($69...
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