Brief Exercise 6-09 a-b At December 31, 2020, the following information was available for E. Hetzel Company: ending inventory $40,000, beginning inventory $56,000, cost of goods sold $270,000, and sales revenue $380,000. Calculate inventory turnover for E. Hetzel Company. (Round answer to 1 decimal place, e.g. 1.5.) Inventory turnover times LINK TO TEXT Calculate days in inventory for E. Hetzel Company. (Round answer to 1 decimal place, e.g. 1.5. Use 365 days for calculation.) Days in inventory days Click you would like to Show Work for this question: Open Show Work
Brief Exercise 6-09 a-b At December 31, 2020, the following information was available for E. Hetzel Company: ending inventory $40,000, beginning inventory $56,000, cost of goods sold $270,000, and sales revenue $380,000. Calculate inventory turnover for E. Hetzel Company. (Round answer to 1 decimal place, e.g. 1.5.) Inventory turnover times LINK TO TEXT Calculate days in inventory for E. Hetzel Company. (Round answer to 1 decimal place, e.g. 1.5. Use 365 days for calculation.) Days in inventory days Click you would like to Show Work for this question: Open Show Work
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Brief Exercise 6-09 a-b
At December 31, 2020, the following information was available for E. Hetzel Company: ending inventory $40,000, beginning inventory $56,000, cost of goods sold $270,000, and sales revenue $380,000.
Calculate inventory turnover for E. Hetzel Company. (Round answer to 1 decimal place, e.g. 1.5.)
Inventory turnover
times
LINK T ΤΕXT
Calculate days in inventory for E. Hetzel Company. (Round answer to 1 decimal place, e.g. 1.5. Use 365 days for calculation.)
Days in inventory
days
Click if you would like to Show Work for this question: Open Show Work
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