Question: Current Attempt in Progress At December 31, 2022, the following information in thousands) was available for Swifty Inc: ending inventory $22,200; beginning inventory $21,800; cost

 Current Attempt in Progress At December 31, 2022, the following information

Current Attempt in Progress At December 31, 2022, the following information in thousands) was available for Swifty Inc: ending inventory $22,200; beginning inventory $21,800; cost of goods sold $180,400, and sales revenue $435,000, Calculate the inventory turnover and days in inventory for Swifty. (Round answers to 1 decimal places, es. 15.2. Use 365 days for calculation) times Inventory turnover Days in inventory days

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!