Question: Please answer question #9, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! The following information is available from the annual reports of Marigold and
The following information is available from the annual reports of Marigold and Sandra: (Amounts in millions) Marigold Sandra $6,015 $4,835 6,195 5,078 25,641 31.473 2022 ending Inventory 2021 ending inventory Cost of goods sold Sales revenue 2022 LIFO reserve 2021 LIFO reserve 29,343 36,648 226 223 - (a) Your answer is partially correct. Calculate the inventory turnover and days in inventory for both companies. (Round inventory turnover to 2 decimal places, eg. 15.25 and days in Inventory to 1 decimal place, es. 15.2. Use 365 days for calculation) Marigold Sandra Inventory turnover times times Days in inventory days 575 days
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