Clear Communications reported the following figures in its annual financial statements: Cost of Goods Sold ......... $

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Clear Communications reported the following figures in its annual financial statements:
Cost of Goods Sold ......... $ 19,000
Beginning Merchandise Inventory ... 600
Ending Merchandise Inventory ... 460
Compute the rate of inventory turnover and days’ sales in inventory for Clear Communications.
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Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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