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QS 5-25 (Algo) Analyzing inventory LO A3 Endor Company begins the year with $150,000 of goods in inventory. At year-end, the amount in inventory
QS 5-25 (Algo) Analyzing inventory LO A3 Endor Company begins the year with $150,000 of goods in inventory. At year-end, the amount in inventory has increased to $158,000. Cost of goods sold for the year is $2,000,000. Compute Endor's inventory turnover and days' sales in inventory. Assume there are 365 days in the year. Inventory Turnover Choose Numerator: Choose Denominator: = Inventory Turnover = Inventory Turnover = times Choose Numerator: 1 Days' Sales in Inventory Choose Denominator: X Days = Days' Sales in Inventory X 365 = Days' sales in inventory X 365 = days
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