Rodham, Inc., reported sales, cost of goods sold, and inventory figures for last year and the current
Question:
Rodham, Inc., reported sales, cost of goods sold, and inventory figures for last year and the current year as follows (all dollars in thousands):
What is the amount of inventory turnover for each year, and in which year did Rodham manage its inventory more efficiently?
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Inventory turnover for last year 85 27 315 Inventory turnover for current year 90 35 257 The tu...View the full answer
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Related Book For 
Financial And Managerial Accounting The Basis For Business Decisions
ISBN: 9781264445240
20th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner
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