Cost of goods soldAverage inventory202020212022$923,550 $980,640126,290Inventory Turnover7.320216.35.3156,5102022(a) Do a trend analysis of the inventory turnover for each year. Also calculate the days to sell invento(Round inventory turnover to 2 decimal places, e.g. 18.42 and number of days to 1 decimal place, e.g. 13.6.,$1,149,910 $1,329,510208,410Number of Days2023321,820daysdaysdays2024$1,408,530451,860

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Description: Cost of goods soldAverage inventory202020212022$923,550 $980,640126,290Inventory Turnover7.320216.35.3156,5102022(a) Do a trend analysis of the inventory turnover for each year. Also calculate the days to sell invento(Round inventory turnover to 2 d

The inventory turnover is calculated as cost of goods sold divided by average inventory. The days in…

Business

Accounting

Cost of goods sold Average inventory $923,550 $980,640 $1,149,910 126,290 156,510 Inventory Turnover 208,410 $1,329,510 Number of Days 321,820 $1,408,5 (a) Do a trend analysis of the inventory turnover for each year. Also calculate the days to sell inve (Round inventory turnover to 2 decimal places, e.g. 18.42 and number of days to 1 decimal place, e.g. 1 451,8

Cost of goods sold Average inventory $923,550 $980,640 $1,149,910 126,290 156,510 Inventory Turnover 208,410 $1,329,510 Number of Days 321,820 $1,408,5 (a) Do a trend analysis of the inventory turnover for each year. Also calculate the days to sell inve (Round inventory turnover to 2 decimal places, e.g. 18.42 and number of days to 1 decimal place, e.g. 1 451,8

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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