Big Sale Stores is assessing its levels of inventory for 2013 and 2014 and has gathered the

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Big Sale Stores is assessing its levels of inventory for 2013 and 2014 and has gathered the following data:

Compute the inventory turnover and days€™ inventory on hand for 2013 and 2014 (round to one decimal place), and comment on theresults.

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Question Posted: Mar 26, 2014 08:13 AM

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Big Sale Stores is assessing its levels of inventory for 2013 and 2014 and has gathered the

Question:

2014 2013 2012 Ending inventory $192,000 162,000 $138,000 Cost of goods sold60,000 900,000

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Inventory Turnover Cost of Goods Sold Average Inventory 20...View the full answer

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