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dterm/Test #2-Ch's 4 & 50 15 Saved Endor Company begins the year with $180,000 of goods in inventory. At year-end, the amount in inventory
dterm/Test #2-Ch's 4 & 50 15 Saved Endor Company begins the year with $180,000 of goods in inventory. At year-end, the amount in inventory has increased to $197,000 Cost of goods sold for the year is $1,300,000. Compute Endor's inventory turnover and days' sales in inventory. Assume that there are 365 days in the year Inventory Turnover. osass H Choose Numerator: Choose Denominator: Inventory Turnover Inventory Turnover 1 times Days' Sales in Inventory Choose Numerator: 1 Choose Denominator: Days Days' Sales in Inventory 1 x 365 Days' sales in inventory 1 x 365 days
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