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Lewis Incorporated and Clark Enterprises report the following amounts for the year. LewisClarkInventory (beginning)$25,000$51,000Inventory (ending)19,00061,000Purchases276,200244,600Purchase returns16,00061,000 3. Calculate the average days in inventory for each
Lewis Incorporated and Clark Enterprises report the following amounts for the year.
LewisClarkInventory (beginning)$25,000$51,000Inventory (ending)19,00061,000Purchases276,200244,600Purchase returns16,00061,000
3.Calculate the average days in inventory for each company.(Round your intermediate calculations to 1 decimal place.)
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