Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
Net income 85,400
Depreciation expense 12,100
Gain on sale of land 7,600
Increase in merchandise inventory 2,150
Increase in accounts payable
6,250

Elephant, inc.'s cost of goods sold for the year is $2,000,000, and the average merchandise inventory for the year is $129,000. calculate the inventory turnover ratio of the company. (round your answer to two decimal places.)

1. gdp is calculated by summing consumption, investment, and exports of all final goods and services produced within the borders of a given country during a specific period the dollar value of all final goods and services produced within the borders of a given country during a specific period government expenditures within the borders of a given country during a specific period the quantity of all final goods and services produced within the borders of a given country during a specific period

Blank is the internal operation that arranges information resources to support business performance and outcomes