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Endor Company begins the year with $110,000 of goods In Inventory. At year-end, the amount In Inventory has increased to $121,000. Cost of goods
Endor Company begins the year with $110,000 of goods In Inventory. At year-end, the amount In Inventory has increased to $121,000. Cost of goods sold for the year is $1,500,000. Compute Endor's Inventory turnover and days' sales in Inventory. Assume there are 365 days in the year. Inventory Turnover Choose Numerator: Choose Denominator: 1 Inventory Turnover Inventory Turnover times Days' Sales in Inventory Choose Numerator: 1 Choose Denominator: x Days = Days' Sales in Inventory x 365 = Days' sales in inventory x 365 = days
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