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Saved Lewis Incorporated and Clark Enterprises report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns Lewis $ 33,000 27,000 405,000

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Saved Lewis Incorporated and Clark Enterprises report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns Lewis $ 33,000 27,000 405,000 24,000 Clark $ 59,000 69,000 213,400 69,000 2. Calculate the inventory turnover ratio for each company. Inventory Turnover Ratio Lewis times Clark times

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