In 2009 Superior Ltd had sales of $25,650,000, cost of goods sold of $15,250,000, beginning inventory of $2,450,000 and ending inventory of $2,700,000.Superior's nearest competitor had a gross profit margin of 38% and, on average, turned over its inventory every 55 days.
Required:

Question

Quizplus · Accepted Answer

The Answer of In 2009 Superior Ltd had sales of $25,650,000, cost of goods sold of $15,250,000, beginning inventory of $2,450,000 and ending inventory of $2,700,000.Superior's nearest competitor had a gross profit margin of 38% and, on average, turned over its inventory every 55 days.
Required:

In 2009 Superior Ltd Had Sales of $25,650,000, Cost of Goods