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Please answer question #9, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! The following information is available from the annual reports of Marigold and
Please answer question #9, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!
The following information is available from the annual reports of Marigold and Sandra: (Amounts in millions) Marigold Sandra $6,015 $4,835 6,195 5,078 25,641 31.473 2022 ending Inventory 2021 ending inventory Cost of goods sold Sales revenue 2022 LIFO reserve 2021 LIFO reserve 29,343 36,648 226 223 - (a) Your answer is partially correct. Calculate the inventory turnover and days in inventory for both companies. (Round inventory turnover to 2 decimal places, eg. 15.25 and days in Inventory to 1 decimal place, es. 15.2. Use 365 days for calculation) Marigold Sandra Inventory turnover times times Days in inventory days 575 days Step by Step Solution
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