(a2)Compute days in inventory for each company. (Round answers to 0 decimal places, eg. 1,250. Use 365 days for calculation.)Wildhorse CompanyBlossom CompanyDays in inventorydaysdayseTextbook and Media The cost of goods sold computations for Wildhorse Company and Blossom Company are shown below.Wildhorse CompanyBlossom CompanyBeginning inventory$47,000$73,000Cost of goods purchased275,000756.100Cost of goods available for sale322.000829.100Ending inventory117.000121.000Cost of goods sold$205,000$708.100(a1)Compute inventory turnover for each company. (Round answers to 2 decimal places, eg 15.25)Wildhorse CompanyBlossom CompanyInventory turnover

Inventory turnover is the average number of times a company sells and replaces its inventory in a…

Answered: 2) Compute days in inventory for each…

2) Compute days in inventory for each company. (Round answers to O decimal plac Wildhorse Company Blosson Days in inventory days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

(a2)
Compute days in inventory for each company. (Round answers to 0 decimal places, eg. 1,250. Use 365 days for calculation.)
Wildhorse Company
Blossom Company
Days in inventory
days
days
eTextbook and Media

The cost of goods sold computations for Wildhorse Company and Blossom Company are shown below.
Wildhorse Company
Blossom Company
Beginning inventory
$47,000
$73,000
Cost of goods purchased
275,000
756.100
Cost of goods available for sale
322.000
829.100
Ending inventory
117.000
121.000
Cost of goods sold
$205,000
$708.100
(a1)
Compute inventory turnover for each company. (Round answers to 2 decimal places, eg 15.25)
Wildhorse Company
Blossom Company
Inventory turnover

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