Managerial Accounting
Managerial Accounting
14th Edition
ISBN: 9781337270595
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Chapter 14, Problem 12E

A(1)

To determine

Compute inventory turnover ratio.

A(2)

To determine

Compute number of days’ sales in inventory. 

b)

To determine

Conclude position of inventory. 

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Financial ratio analysis; Author: The Finance Storyteller;https://www.youtube.com/watch?v=MTq7HuvoGck;License: Standard Youtube License