Question: Current Attempt in Progress The following information pertains to two competitors, Mostly Inc. and Hardly Ltd. Company Beginning Inventory Ending Inventory Cost of Goods Sold

 Current Attempt in Progress The following information pertains to two competitors,

Current Attempt in Progress The following information pertains to two competitors, Mostly Inc. and Hardly Ltd. Company Beginning Inventory Ending Inventory Cost of Goods Sold Mostly Inc. $170,000 $266,000 $918,840 Hardly Ltd. $522,000 $546,000 $1,609,995 Mostly Inc. reported sales revenues of $1,235,000 and Hardly Ltd. reported sales revenues of $2,715,000. (a) Calculate the inventory turnover ratio for Mostly and Hardly. (Round answers to 1 decimal place, e.g. 10.5.) Mostly Inc. Hardly Ltd. Inventory turnover ratio times times Save for Later Attempts: 0 of 2 used Submit

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