Calculate the days sales in inventory for Furniture Retailers and Furniture Unlimited for 2014 (round to two

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Calculate the days€™ sales in inventory for Furniture Retailers and Furniture Unlimited for 2014 (round to two decimal places). Which company has the more favourable ratio? Explainwhy.

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Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

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Question Posted: Jan 08, 2015 09:49 AM

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Calculate the days sales in inventory for Furniture Retailers and Furniture Unlimited for 2014 (round to two

Question:

(millions of $) Computer Inc. Furniture Retallers Freshcut Flowers Inc. Furniture Unlimited 2014 2013 2014 2013 2014 2013 2014 2013 Cost of goods sold Merchandise inventory $1,350 960 $2,940 51,920 $2,160 $2,430 $2,190 $1,740 150 120 105 60 15 45 120

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Furniture Retailers Furniture Unlimited 2014 2014 Cost of goods sold 2940 2190 Merchandise i...View the full answer

Fundamental Accounting Principles Volume II

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