Both Dave and Kelly own auto parts stores. The following information is available for 2011 and 2012:
Question:
1. Calculate each companys turnover for inventory for 2012.
2. Calculate each companys days in inventory for 2012 (assume 365 days in a year).
3. Which owner manages inventory better? Explain youranswer.
Transcribed Image Text:
Kelly Dave Cost of goods sold: 2011 2012 Ending inventory: 2011 2012. S150,000 130,000 $300,000 75,000 55,000 225,000 255,000
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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