Question: Moving to another question will save this response. Question 12 Redeker Company had the following records: 2022 $32,650 $213,600 Ending inventory Cost of goods sold

Moving to another question will save this response. Question 12 Redeker Company had the following records: 2022 $32,650 $213,600 Ending inventory Cost of goods sold 2021 $30,490 $209,040 2020 $29,856 $202,310 What is Redeker's days in inventory for 2022? (round the turnover to one decimal place) Inventory turnover -COGS/average inventory Days in inventory = 365 / inventory turnover 56 days, which would be viewed negatively compared to the prior year. 54 days, which is an improvement from the prior year. 52 days, which is an improvement from the prior year. 54 days, which would be viewed negatively compared to the prior year.
 Moving to another question will save this response. Question 12 Redeker

Redeker Company had the following records: What is Redeker's days in inventory for 2022 ? (round the turnower to one deomal plisce) Days in inventory -365 / inventory turnover Inveatory tumover - cocs / neapr isventiong 56 days, which would be viewed negatively compared to the proc year 54 days, which is an improvement from the pror year. 52 days, which is an improvement from the proryear: 54 days, which would be viewed negatively compared to the phor year

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!