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Current Attempt in Progress The cost of goods sold computations for Marigold Company and Martinez Company are as follows. Marigold Company Martinez Company Beginning
Current Attempt in Progress The cost of goods sold computations for Marigold Company and Martinez Company are as follows. Marigold Company Martinez Company Beginning inventory $ 46,000 $ 71,000 Cost of goods purchased 196,000 290,165 Cost of goods available for sale 242,000 361,165 Ending inventory 56,475 70,000 Cost of goods sold $185,525 $291,165 (a1) Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.) Marigold Company Inventory turnover Martinez Company
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