4. Given the following information, calculate the inventory turnover for a Company. Evaluate the trend results. • • 2020: Cost of goods sold― $2,168,000; Beginning inventory- $408,000; Ending inventory $489,000. 2021: Cost of goods sold- $945,000; Beginning inventory- $436,000; Ending inventory $408,000.
4. Given the following information, calculate the inventory turnover for a Company. Evaluate the trend results. • • 2020: Cost of goods sold― $2,168,000; Beginning inventory- $408,000; Ending inventory $489,000. 2021: Cost of goods sold- $945,000; Beginning inventory- $436,000; Ending inventory $408,000.
Chapter10: Inventory
Section: Chapter Questions
Problem 16PA: Use the following information relating to Clover Company to calculate the inventory turnover ratio,...
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