The cost of goods sold computations for Target Company and Caesar Company are shown below. Instructions(a) Compute

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The cost of goods sold computations for Target Company and Caesar Company are shown below.

Instructions(a) Compute inventory turnover and days in inventory for each company.(b) Which company moves its inventory morequickly?

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Accounting Principles

ISBN: 978-0470534793

10th Edition

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

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Question Posted: Oct 24, 2011 08:05 AM

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The cost of goods sold computations for Target Company and Caesar Company are shown below. Instructions(a) Compute

Question:

Target Company Caesar Company $ 71,000 Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold $ 45,000 290,000 245,000 361,000 69,000 55,000 $292,000 $190,000

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a Target Company Caeser Company Inventory Turnover 190000 ...View the full answer

Accounting Principles

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