The following is information for Palmer Company. Year 3 Year 2 Year 1 Cost of goods sold $ 643,825 $426,650 $ 391,300 Ending inventory 97,400 87,750 92,500 Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2. From Year 2 to Year 3, did Palmer improve its (a) inventory turnover and (b) days' sales in inventory?

The following is information for Palmer Company. Year 3 Year 2 Year 1 Cost of goods sold $ 643,825 $426,650 $ 391,300 Ending inventory 97,400 87,750 92,500 Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2. From Year 2 to Year 3, did Palmer improve its (a) inventory turnover and (b) days' sales in inventory?

Name: Please help me with show all calculation thanku The following is infor
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Description: Please help me with show all calculation thanku The following is information for PalmerCompany. Year 3 Year 2 Year 1 Cost ofgoods sold $ 643,825 $426,650 $391,300 Ending inventory 97,40087,750 92,500 Use the aboveinformation to compute inventoryturno

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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