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5. The following information is available for Omari Corporation for 2018 (5 marks): Beginning inventory $ 700,000 Ending inventory 800,000 Cost of goods sold 6,000,000
5. The following information is available for Omari Corporation for 2018 (5 marks):
Beginning inventory $ 700,000
Ending inventory 800,000
Cost of goods sold 6,000,000
Sales 8,000,000
Instructions
- Calculate the inventory turnover for Omari Corporation. (2.5 marks)
- Calculate days in inventory for Omari Corporation. (2.5 marks)
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Financial Accounting A Concepts Based Introduction
Authors: David Kolitz
1st Edition
1138844977, 978-1138844971
