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Grant Enterprises and Lee Corporation report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns Grant Lee $ 21,000 $ 47,000
Grant Enterprises and Lee Corporation report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns Grant Lee $ 21,000 $ 47,000 15,000 57,000 216,600 207,400 12,000 57,000 3. Calculate the average days in inventory for each company. (Round your intermediate calculations to 10 place.) Average Days in Inventory 11 days Grant days Lee
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