At December 31, 2022, the following information was available for E. Swifty Company: ending inventory $36,000,...
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At December 31, 2022, the following information was available for E. Swifty Company: ending inventory $36,000, beginning inventory $59,000, cost of goods sold $266,000, and sales revenue $365,000. (a) Your answer is correct. Calculate inventory turnover for E. Swifty Company. (Round answer to 1 decimal place, e.g. 1.5.) Inventory turnover 5.60 times eTextbook and Media Attempts: 1 of 4 used (b) Calculate days in inventory for E. Swifty Company. (Round answer to 1 decimal place, e.g. 1.5. Use 365 days for calculation.) Days in inventory eTextbook and Media Save for Later days Attempts: 0 of 4 used Submit Answer At December 31, 2022, the following information was available for E. Swifty Company: ending inventory $36,000, beginning inventory $59,000, cost of goods sold $266,000, and sales revenue $365,000. (a) Your answer is correct. Calculate inventory turnover for E. Swifty Company. (Round answer to 1 decimal place, e.g. 1.5.) Inventory turnover 5.60 times eTextbook and Media Attempts: 1 of 4 used (b) Calculate days in inventory for E. Swifty Company. (Round answer to 1 decimal place, e.g. 1.5. Use 365 days for calculation.) Days in inventory eTextbook and Media Save for Later days Attempts: 0 of 4 used Submit Answer
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