Compute Altoona Company's (a) inventory turnover ratio and (b) number of days' sales in inventory ratio, using the following information. Use 365 days year. Round your intermediate calculations to 2 decimal places and final answers to 1 decimal place. Cost of Goods Sold $729,000 Beginning Inventory 51,000 Ending Inventory 75,000 (a) Inventory Turnover Ratio 11.5 (b) Number of Days' Sales in Inventory Ratio 37.5
Compute Altoona Company's (a) inventory turnover ratio and (b) number of days' sales in inventory ratio, using the following information. Use 365 days year. Round your intermediate calculations to 2 decimal places and final answers to 1 decimal place. Cost of Goods Sold $729,000 Beginning Inventory 51,000 Ending Inventory 75,000 (a) Inventory Turnover Ratio 11.5 (b) Number of Days' Sales in Inventory Ratio 37.5
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Inventories
Section: Chapter Questions
Problem 8PEB: Financial statement data for years ending December 31 for Tango Company follow: a. Determine the...
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Chapter 10 Lab Application
eBook
Compute Altoona Company's (a) inventory turnover ratio and (b) number of days' sales in inventory ratio, using the following information. Use 365 days year.
Round your intermediate calculations to 2 decimal places and final answers to 1 decimal place.
Cost of Goods Sold
$729,000
Beginning Inventory
51,000
Ending Inventory
75,000
(a) Inventory Turnover Ratio
11.5
(b) Number of Days' Sales in Inventory Ratio
37.5
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3|企
田
Chapter 10 Lab Application
eBook
Compute Altoona Company's (a) inventory turnover ratio and (b) number of days' sales in inventory ratio, using the following information. Use 365 days year.
Round your intermediate calculations to 2 decimal places and final answers to 1 decimal place.
Cost of Goods Sold
$729,000
Beginning Inventory
51,000
Ending Inventory
75,000
(a) Inventory Turnover Ratio
11.5
(b) Number of Days' Sales in Inventory Ratio
37.5
<>
Previous
Next
Check My Work 0 more Check My Work uses remaining.
10:03 P
3/31/20
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