Question
Calculation of inventory turnover ratios inventory turnover = cost of sales /average inventoryunder FIFO method 2014 febrauary 1 inventory turnover ratio is = 78138/6801 =
Calculation of inventory turnover ratios inventory turnover = cost of sales /average inventoryunder FIFO method 2014 febrauary 1 inventory turnover ratio is = 78138/6801 = 11.489 2015 january 31 inventory turnover ratio is = 85512/6933 =12.334
This is my question (c) State which method you would choose to evaluate Krogers performance. Justify your choice.
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Financial Accounting
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
2nd Edition
0133118207, 978-0133118209
