The following information came from the income statement of the Cheyenne Company at December 31, 2025: sales revenue $2508000; beginning inventory $182400; ending inventory $273600; and gross profit $684000. What is Cheyenne' inventory turnover for 2025? O 3.00 times O 2.50 times 3.75 times O 8.00 times

The following information came from the income statement of the Cheyenne Company at December 31, 2025: sales revenue $2508000; beginning inventory $182400; ending inventory $273600; and gross profit $684000. What is Cheyenne' inventory turnover for 2025? O 3.00 times O 2.50 times 3.75 times O 8.00 times

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Description: The following information came from the income statement of the Cheyenne Company at December 31, 2025: sales revenue$2508000; beginning inventory $182400; ending inventory $273600; and gross profit $684000. What is Cheyenne' inventoryturnover for 20

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 16PB: Use the following information relating to Medinas Company to calculate the inventory turnover ratio,...

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