The following data were taken from the financial records of Mydorf Company. 2025 2024 Net Sales $6,420,000 $6,240,000 Beginning inventory 960,000 840,000 Purchases 4,840,000 4,661,000 Ending inventory 1,020,000 960,000 (b2) What conclusions concerning the management of the inventory can be drawn from the inventory turnover ratio and days in inventory data?

The following data were taken from the financial records of Mydorf Company. 2025 2024 Net Sales $6,420,000 $6,240,000 Beginning inventory 960,000 840,000 Purchases 4,840,000 4,661,000 Ending inventory 1,020,000 960,000 (b2) What conclusions concerning the management of the inventory can be drawn from the inventory turnover ratio and days in inventory data?

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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