Question
Determine the Inventory turnover from following information: Beginning Inventory(B.I)= $100, 000 Ending inventory(E.I)= $120, 000 Cost of goods sold(COGS)= $10, 000, 000 Use your finding
Determine the Inventory turnover from following information:
Beginning Inventory(B.I)= $100, 000
Ending inventory(E.I)= $120, 000
Cost of goods sold(COGS)= $10, 000, 000
Use your finding from previous question: If the industry average for inventory turnover is 40, compare your inventory turnover to the industry average. Are you doing better than industry average? Why or Why not?
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Corporate Financial Accounting
Authors: Carl S Warren, Jeff Jones
16th Edition
0357510380, 978-0357510384
