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Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis Inventory (beginning) $ 34,000 Inventory (ending) 28,000 Purchases 391,000 Purchase returns 25,000
Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis Inventory (beginning) $ 34,000 Inventory (ending) 28,000 Purchases 391,000 Purchase returns 25,000 Clark $ 60,000 70,000 223,000 70,000 3. Calculate the average days in inventory for each company. (Round your intermediate calculations to 1 decimal place.) Average Days in Inventory Lewis days Clark days Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis Inventory (beginning) $ 34,000 Inventory (ending) 28,000 Purchases 391,000 Purchase returns 25,000 Clark $ 60,000 70,000 223,000 70,000 4. Which company appears to be managing its inventory more efficiently? Lewis Incorporated Clark Enterprises
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