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Exercise 6-15 a1,a2, b (Part Level Submission) The cost of goods sold computations for Crane Company and Swifty Company are shown below. Beginning inventory Cost
Exercise 6-15 a1,a2, b (Part Level Submission) The cost of goods sold computations for Crane Company and Swifty Company are shown below. Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Crane Company $ 44,000 395,600 439,600 60,000 Swifty Company $ 73,000 232,550 305,550 61,000 $244,550 $379,600 (a1) | Your answer is correct. Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.) Crane Company Swifty Company Inventory turnover 7.3 3.65 Click if you would like to Show Work for this question: Open Show Work (a2) Compute days in inventory for each company. (Round answers to o decimal places, e.g. 1,250. Use 365 days for calculation.) Crane Company Swifty Company days days Days in inventory Click if you would like to Show Work for this question: Open Show Work
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