Question
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
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 there are 365 days in the year. Inventory Turnover Choose Numerator: 1 Choose Denominator: " Inventory Turnover 1 Inventory Turnover times Days' Sales in Inventory Choose Numerator: 1 Choose Denominator: X Days Days' Sales in Inventory T x 365 X 365 == Days' sales in inventory days
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