The following data are available for 2012, regarding the inventory of two companies. Compute inventory turnover (round

Question:

The following data are available for 2012, regarding the inventory of two companies.

Atkins Burbank Electronics Computers Beginning inventory. Ending inventory Cost of goods sold $ 100,000 $ 50,000 750,000

Compute inventory turnover (round to the nearest hundredth) and number of days' sales in inventory (round to the nearest tenth) for both companies. Which company is managing its inventory moreefficiently?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 27, 2011 09:46 AM

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The following data are available for 2012, regarding the inventory of two companies. Compute inventory turnover (round

Question:

Atkins Burbank Electronics Computers Beginning inventory. Ending inventory Cost of goods sold $ 100,000 $ 50,000 750,000 1,000,000

Step by Step Answer:

Atkins Inventory turnover 75000055000 1364 times Number of days sales in inv...View the full answer

Accounting concepts and applications

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