Cent Discount Stores is assessing its levels of inven-tory for 2013 and 2014 and has gathered the following data (see image). Compute the inventory turnover and days’ inventory on hand for 2013 and 2014 (round to one decimal place), and comment on the results.

Cent Discount Stores is assessing its levels of inven-tory for 2013 and 2014 and has gathered the following data (see image). Compute the inventory turnover and days’ inventory on hand for 2013 and 2014 (round to one decimal place), and comment on the results.

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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