Question
Crane Company had the following records: 2022 2021 Ending inventory $27800 $24600 Cost of goods sold 251000 256200 What is Cranes average days in inventory
Crane Company had the following records:
| 2022 | 2021 | |
|---|---|---|
| Ending inventory | $27800 | $24600 |
| Cost of goods sold | 251000 | 256200 |
What is Cranes average days in inventory for 2022?
35.06 days
40.42 days
37.32 days
38.10 days
Wildhorse Company had the following records:
| 2022 | 2021 | |
|---|---|---|
| Ending inventory | $32000 | $30000 |
| Cost of goods sold | 305000 | 312000 |
What is Wildhorses inventory turnover for 2022?
9.8 times
10.4 times
9.5 times
10.1 times
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Accounting And Finance For Non Finance Managers
Authors: Jai Kumar Batra
1st Edition
9352806964, 978-9352806966
