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Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis Clark $ 23,000 $ 49,000 Inventory (beginning) Inventory (ending) Purchases Purchase returns
Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis Clark $ 23,000 $ 49,000 Inventory (beginning) Inventory (ending) Purchases Purchase returns 17,000 246,000 14,000 59,000 225,600 59,000 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 Clark $ 23,000 $ 49,000 Inventory (beginning) Inventory (ending) Purchases Purchase returns 17,000 246,000 14,000 59,000 225,600 59,000 4. Which company appears to be managing its inventory more efficiently? Lewis Incorporated Clark Enterprises
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