Chat with AI
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778 Exercise 55
Inventory Turnover
Alamo Company has sales, cost of goods sold, and average ending inventory for the current year in the following amounts: $650,000, $500,000, and $128,000, respectively. Calculate the amount of the company's inventory turnover for the year. What is the company's average number of days to sell inventory?
Alamo Company has sales, cost of goods sold, and average ending inventory for the current year in the following amounts: $650,000, $500,000, and $128,000, respectively. Calculate the amount of the company's inventory turnover for the year. What is the company's average number of days to sell inventory?
Explanation
Verified
Verified
Calculate inventory turnover ratio:
Inv...
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
