White Water Kayak, Inc., has the following information as of December 31, 2012:

Requirements
1. Compute the rate of inventory turnover for White Water Kayak, Inc., for the year ended December 31, 2012. Round the result to two decimal places.
2. The rate of inventory turnover for White Water Kayak, Inc., was 16.93 in 2011. Has the rate improved ordeteriorated?

Transcribed Image Text:

Sales Revenue Cost of Goods Sold $1,752,300 Beginning Inventory Net Purchases Cost of Goods Available Ending Inventory Cost of Goods Sold 35,000 750,600 785,600 48,700 Gross Profit Operating Expenses Net Income -70C736,900 1,015,400 66,000 S 949400