Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Please answer attached
Transcribed Image Text:11:10 1
AA
A Ims.yu.edu.sa
Q4:
On December 31, 2022, the following information (in
thousands) was available for Kitselman Inc.: ending inventory
$22,600; beginning inventory $21,400; cost of goods sold
$198,000, and sales revenue $430,000. Calculate the inventory
turnover and days in inventory for Kitselman.
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