Answered: At December 31, 2022, the following…

At December 31, 2022, the following information (in thousands) was available for Swifty Inc: ending inventory $22,200; beginning cold $180.400 and sales revenue $435,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 38BE: Inventory Analysis Callahan Company reported the following information for the current year....

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Inventory Turnover ratio
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.

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