Use the following information for Ryder Co. to compute inventory turnover for 2005 and 2004, and its

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Use the following information for Ryder Co. to compute inventory turnover for 2005 and 2004, and its days’ sales in inventory at December 31, 2005 and 2004. (Round answers to the tenths place.)

Comment on Ryder’s efficiency in using its assets to increase sales from 2004 to 2005. jkg1

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Financial Accounting Information For Decisions

ISBN: 9780072974720

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Authors: John J Wild

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Use the following information for Ryder Co. to compute inventory turnover for 2005 and 2004, and its days sales in inventory at December 31, 2005 and 2004. (Round answers to the tenths place.)...
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Use the following information for Ryder Co. to compute inventory turnover for 2005 and 2004, and its

Question:

2005 2004 2003 Cost of goods sold Inventory (Dec. 31) $643,825 $426,650 $391,300 96,400 86,750 91,500

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Financial Accounting Information For Decisions

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