Rockingham Communications reported the following figures in its annual financial statements: n to view the figures.) Question Viewer Compute the rate of inventory turnover and days' sales in inventory for Rockingham Communications. (Round to two decimal places.) Select the labels and enter the amounts to compute the inventory turnover. (Enter the amount for average inventory to one decimal place, X.X. Round your answer to two decimal places, X.XX.) Data table + Print ÷ Cost of Goods Sold Beginning Merchandise Inventory Ending Merchandise Inventory Done C…... $ 18,200 560 420 X = = Inventory turnover times
Rockingham Communications reported the following figures in its annual financial statements: n to view the figures.) Question Viewer Compute the rate of inventory turnover and days' sales in inventory for Rockingham Communications. (Round to two decimal places.) Select the labels and enter the amounts to compute the inventory turnover. (Enter the amount for average inventory to one decimal place, X.X. Round your answer to two decimal places, X.XX.) Data table + Print ÷ Cost of Goods Sold Beginning Merchandise Inventory Ending Merchandise Inventory Done C…... $ 18,200 560 420 X = = Inventory turnover times
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...
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Question
![Rockingham Communications reported the following figures in its annual financial statements:
n to view the figures.)
Question Viewer
Compute the rate of inventory turnover and days' sales in inventory for Rockingham Communications. (Round to two decimal places.)
Select the labels and enter the amounts to compute the inventory turnover. (Enter the amount for average inventory to one decimal place, X.X. Round your answer to two
decimal places, X.XX.)
Data table
+
Print
÷
Cost of Goods Sold
Beginning Merchandise Inventory
Ending Merchandise Inventory
Done
C…...
$ 18,200
560
420
X
=
=
Inventory turnover
times](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F883dba61-b9dc-454d-9365-e2e79889eb8e%2F798b7bcf-cad3-4d4e-b7a7-ae7dbc85f8d8%2Fn6z5b74_processed.png&w=3840&q=75)
Transcribed Image Text:Rockingham Communications reported the following figures in its annual financial statements:
n to view the figures.)
Question Viewer
Compute the rate of inventory turnover and days' sales in inventory for Rockingham Communications. (Round to two decimal places.)
Select the labels and enter the amounts to compute the inventory turnover. (Enter the amount for average inventory to one decimal place, X.X. Round your answer to two
decimal places, X.XX.)
Data table
+
Print
÷
Cost of Goods Sold
Beginning Merchandise Inventory
Ending Merchandise Inventory
Done
C…...
$ 18,200
560
420
X
=
=
Inventory turnover
times
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