EX 17-11 INVENTORY ANALYSIS THE FOLLOWING DATA WERE EXTRACTED FROM THE INCOME STATEMENT OF SALEH INC; CURRENT YEAR PRECEDING YEAR SALES 12,750,000 13,284,000 BEGINNING INVENTORIES 840,000 800,000 COGS 6,375,000 7,380,000 ENDING INVENTORIES 860,000 840,000 DETERMINE FOR EACH YEAR (1) THE INVENTORY TURNOVER AND (2) THE NUMBER OF DAYS' SALES IN INVENTORY. ROUND TO THE NEAREST DOLLAR AND ONE DECIMAL POINT.
EX 17-11 INVENTORY ANALYSIS
THE FOLLOWING DATA WERE EXTRACTED FROM THE INCOME STATEMENT OF SALEH INC;
CURRENT YEAR PRECEDING YEAR
SALES 12,750,000 13,284,000
BEGINNING INVENTORIES 840,000 800,000
COGS 6,375,000 7,380,000
ENDING INVENTORIES 860,000 840,000
DETERMINE FOR EACH YEAR (1) THE INVENTORY TURNOVER AND (2) THE NUMBER OF DAYS' SALES IN INVENTORY. ROUND TO THE NEAREST DOLLAR AND ONE DECIMAL POINT.
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