The Western Company installed a new inventory management system at the beginning of 2018. Shown below are

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The Western Company installed a new inventory management system at the beginning of 2018. Shown below are data from the company's accounting records as reported by the new system:

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Calculate the company's

(a) inventory turnover

(b) days' sales in inventory for 2018 and 2019.

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Financial Accounting For Undergraduates

ISBN: 9781618533081

4th Edition

Authors: Wallace

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Question Posted: May 16, 2024 12:01 PM

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The Western Company installed a new inventory management system at the beginning of 2018. Shown below are

Question:

2018 2019 $14,000,000 6,000,000 620,000 630,000 630,000 750,000 Sales revenue.... Cost of goods sold. Beginning inventory Ending inventory... $11,000,000 5,000,000

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Financial Accounting For Undergraduates

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