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At December 31, 2020, the following information was available for Crane Company: ending inventory $28,000: beginning inventory $27,010; cost of goods sold $214,539; and
At December 31, 2020, the following information was available for Crane Company: ending inventory $28,000: beginning inventory $27,010; cost of goods sold $214,539; and sales revenue $541,800. Calculate the inventory turnover and days in inventory for Crane. (Use 365 days for calculation. Round answers to 1 decimal place, eg 15.2.) Inventory turnover Days in inventory times days 4
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Financial Accounting Theory and Analysis Text and Cases
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack Cathey
11th edition
9781118806500, 1118582799, 1118806506, 978-1118582794
