The cost of goods sold computations for Crane Company and Bramble Company are shown below. Crane...

Transcribed Image Text:

The cost of goods sold computations for Crane Company and Bramble Company are shown below. Crane Company Bramble Company Beginning inventory $ 49,000 $ 73,000 Cost of goods purchased 266,080 254,500 Cost of goods available for sale 315,080 327,500 Ending inventory 99,000 105,000 Cost of goods sold $216,080 $222,500 (a1) Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.) Crane Company Bramble Company Inventory turnover The cost of goods sold computations for Crane Company and Bramble Company are shown below. Crane Company Bramble Company Beginning inventory $ 49,000 $ 73,000 Cost of goods purchased 266,080 254,500 Cost of goods available for sale 315,080 327,500 Ending inventory 99,000 105,000 Cost of goods sold $216,080 $222,500 (a1) Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.) Crane Company Bramble Company Inventory turnover

Answer rating: 100% (QA)

Inventory Turnover Ratio Cost of Goods Sold Average Inventory C... View the full answer