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Endor Company begins the year with $170,000 of goods in inventory. At year-end, the amount in inventory has increased to $190,000. Cost of goods
Endor Company begins the year with $170,000 of goods in inventory. At year-end, the amount in inventory has increased to $190,000. Cost of goods sold for the year is $2,000,000. Compute Endor's inventory turnover and days' sales in inventory. Assume there are 365 days in the year. Inventory Turnover Choose Numerator: Choose Denominator: Inventory Turnover Accounts receivable = Inventory Turnover times Days' Sales in Inventory Choose Numerator: / Choose Denominator: x Days =Days' Sales in Inventor 1 X 365 = Days' sales in inventory 365 = days
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