The following information is available for Heller Company: $$\begin{array} { l r }
\text { Beginning inventory } & \$ 60,000 \
\text { Cost of goods sold } & 640,000 \
\text { Ending inventory } & 100,000 \
\text { Sales revenue } & 1,000,000
\end{array}$$ Instructions
Compute each of the following:
(a) Inventory turnover.
(b) Days in inventory.

Question

The following information is available for Heller Company: $$\begin{array} { l r } 
\text { Beginning inventory } & \$ 60,000 \
\text { Cost of goods sold } & 640,000 \
\text { Ending inventory } & 100,000 \
\text { Sales revenue } & 1,000,000
\end{array}$$ Instructions
Compute each of the following:
(a) Inventory turnover.
(b) Days in inventory.

Quizplus · Accepted Answer

The Answer of The following information is available for Heller Company: $$\begin{array} { l r } 
\text { Beginning inventory } & \$ 60,000 \
\text { Cost of goods sold } & 640,000 \
\text { Ending inventory } & 100,000 \
\text { Sales revenue } & 1,000,000
\end{array}$$ Instructions
Compute each of the following:
(a) Inventory turnover.
(b) Days in inventory.

The Following Information Is Available for Heller Company Instructions Compute Each of the Following: (A) Inventory Turnover

The Following Information Is Available for Heller Company Instructions
Compute Each of the Following:
(A) Inventory Turnover