Reference no: EM132652834
Pendant Publishing recently reported $ 4,368,000 in sales, $3,864,000 in cost of goods sold, $358,672 in other operating expenses, and $18,900 in depreciation. It had an interest expense of $43,828 and its federal-plus-state income tax rate was 40%. What was Pendant Publishing s EBIT?
Kenny Rogers Roasters recently reported $92,560 in Cash $878,000 in Accounts Receivable, $1,716,000 in Inventory, $5,034,000 in Sales, $745,060 in net fixed assets, $3,431,620 in Total Assets, and $941,800 in Current Liabilities. What is the inventory turnover for Kenny Rogers Roasters? (round to two decimals)
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