Computing Inventory Ratios The company reported the following information for the year: Beginning

Computing Inventory Ratios

The company reported the following information for the year:

Beginning accounts receivable                                                       

$1,000

Sales                                                                      

5,000

Ending inventory                                                               

1,800

Ending accounts receivable                                                         

1,100

Cost of goods sold                                                             

3,000

Beginning inventory                                                             

1,300

Compute (1) inventory turnover and (2) number of days’ sales in inventory.

"Is this question part of your assignment? We can help"

ORDER NOW

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *