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Required information [The following information applies to the questions displayed below.] Grant Enterprises and Lee Corporation report the following amounts for the year. Inventory (beginning)
Required information [The following information applies to the questions displayed below.] Grant Enterprises and Lee Corporation report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns Grant $ 17,000 11,000 160,200 8,000 Lee $ 43,000 53,000 173,400 53,000 3. Calculate the average days in inventory for each company. (Round your intermediate calculations to 1 decimal place.) Average Days in Inventory Grant Lee days days
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