Required: Compute the inventory turnover in Year 2. Write answer in whole figure only. 10. Using the information provided in Question #9, compute the number of days finished goods stay as inventory in year 4. Write answer in whole number only
Required: Compute the inventory turnover in Year 2. Write answer in whole figure only. 10. Using the information provided in Question #9, compute the number of days finished goods stay as inventory in year 4. Write answer in whole number only
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Required: Compute the inventory turnover in Year 2. Write answer in whole figure only.
10. Using the information provided in Question #9, compute the number of days finished goods stay
as inventory in year 4. Write answer in whole number only
![9. The Commonwealth Production Company maintains the following data:
Year
Demand in
Beginning
Ending
Units
Finished
Finished
Goods
Goods
Inventory (In
Units)
Inventory (In
Units)
40,500
5,300
3,200
35,040
3,200
3,400
45,700
3,400
3,400
4
54,500
3,400
3,300
60,700
3,300
3,000
2.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd9bc12e3-2d11-4edb-94d9-258f1b799f7f%2F74ec7b4b-2691-4992-a63f-2bc6fcb94adb%2Fn6wujs_processed.png&w=3840&q=75)
Transcribed Image Text:9. The Commonwealth Production Company maintains the following data:
Year
Demand in
Beginning
Ending
Units
Finished
Finished
Goods
Goods
Inventory (In
Units)
Inventory (In
Units)
40,500
5,300
3,200
35,040
3,200
3,400
45,700
3,400
3,400
4
54,500
3,400
3,300
60,700
3,300
3,000
2.
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