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Calculate the inventory turnover ratio and days to sell inventory for the two companies for two years each You want to own and operate a
Calculate the inventory turnover ratio and days to sell inventory for the two companies for two years each
You want to own and operate a retail busi ness and before you dive into your own retail store you decide to examine the inventory and sales of two publicly traded retailers. You were able to obtain the following summarized information for Cullumber Goods Inc. and Marin Refunded Ltd.: Beginning Inventory January 1st, 2023 Ending Inventory December 31, 2023 Ending Inventory December 31, 2024 Cost of Goods Sold - 2023 Cost of Goods Sold - 2024 sales - 2023 sales - 2024 Cullumber Goods Inc. $301,000 $574,000 $775,000 $4,490,960 $6,789,600 $6,152,000 $7,380,000 Marin Refunded Ltd. $556,000 $752,000 $815,000 $1,252,350 $3,482,418 $3,795,000 $4,982,000
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