At 30 June, the following information (in thousands) was available for sunglasses manufacturer, Che Eyewear Ltd: ending

Question:

At 30 June, the following information (in thousands) was available for sunglasses manufacturer, Che Eyewear Ltd: ending inventory $53 322; beginning inventory $39 300; cost of sales $129 201; sales revenue $347 901. Calculate inventory turnover and days in inventory for Che Eyewear Ltd.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting Reporting Analysis And Decision Making

ISBN: 9780730313748

5th Edition

Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong

Question Posted: