Inventory Turnover Rouse Incorporated reported sales, cost of sales, and inventory figures for 2014 and 2015 as follows (all dollars in thousands): 11eb742a_6b94_4732_a720_f514876c33c5_SM1621_00 What is the amount of inventory turnover for each year, and in which year did Rouse manage its inventory most efficiently?

Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

Edition 17ISBN: 978-0078025778

Edition 17ISBN: 978-0078025778

Exercise 4

Inventory Turnover
Rouse Incorporated reported sales, cost of sales, and inventory figures for 2014 and 2015 as follows (all dollars in thousands):

What is the amount of inventory turnover for each year, and in which year did Rouse manage its inventory most efficiently?

Explanation

Verified

Calculate inventory turnover ratio:
Inv...