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Just a Buck Discount Stores is assessing its levels of inventory for 2010 and 2011 and has gathered the following data: 2011: Ending inventory $96,000
Just a Buck Discount Stores is assessing its levels of inventory for 2010 and 2011 and has gathered the following data:
2011:
Ending inventory $96,000
Cost of Goods Sold $480,000
2010:
Ending inventory $81,000
Cost of Goods Sold $450,000
2009:
Ending inventory $69,000
Compute the inventory turnover and days' inventory on hand for 2010 and 2011
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