At December 31, 2022 the following information (in thousands) was available for Swifty Inc: ending inventory $22.200; beginning inventory $21.800, cost of goods sold $180,400, and sales revenue $435,000. Calculate the inventory turnover and days in inventory for Swifty. (Round answers to 1 decimal places, eg. 15.2. Use 365 days fom calculation.) times Inventory turnover
At December 31, 2022 the following information (in thousands) was available for Swifty Inc: ending inventory $22.200; beginning inventory $21.800, cost of goods sold $180,400, and sales revenue $435,000. Calculate the inventory turnover and days in inventory for Swifty. (Round answers to 1 decimal places, eg. 15.2. Use 365 days fom calculation.) times Inventory turnover
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 46E
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![Current Attempt in Progress
At December 31, 2022. the following information (in thousands) was available for Swifty Inc: ending inventory $22.200; beginning
inventory $21.800; cost of goods sold $180,400, and sales revenue $435,00o.
Calculate the inventory turnover and days in inventory for Swifty. (Round answers to 1 decimal places, e.g. 15.2. Use 365 days for
calculation.)
Inventory turnover
times](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb8ad8d8e-53d9-4b83-bae9-4dc3a653482b%2F0900f88c-c647-4684-8918-1801b7ca1944%2Fzkuhkqh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Current Attempt in Progress
At December 31, 2022. the following information (in thousands) was available for Swifty Inc: ending inventory $22.200; beginning
inventory $21.800; cost of goods sold $180,400, and sales revenue $435,00o.
Calculate the inventory turnover and days in inventory for Swifty. (Round answers to 1 decimal places, e.g. 15.2. Use 365 days for
calculation.)
Inventory turnover
times
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