At December 31, 2017, the following information (in thousands) was available for Kitselman Inc.: ending inventory $22,600;

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At December 31, 2017, the following information (in thousands) was available for

Kitselman Inc.: ending inventory $22,600; beginning inventory $21,400; cost of goods sold $198,000; and sales revenue $430,000. Calculate the inventory turnover and days in inventory for Kitselman.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-0470239803

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Nov 29, 2018 01:16 AM

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At December 31, 2017, the following information (in thousands) was available for Kitselman Inc.: ending inventory $22,600;

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Financial Accounting Tools for Business Decision Making

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