The cost of goods sold computations for Cullumber Company and Pharoah Company are shown below.

		Cullumber Company			Pharoah Company
Beginning inventory		$ 47,000			$ 73,000
Cost of goods purchased		302,000			360,760
Cost of goods available for sale		349,000			433,760
Ending inventory		129,000			133,000
Cost of goods sold		$220,000			$300,760

Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.)

		Cullumber Company		Pharoah Company
Inventory turnover		enter a number rounded to 2 decimal places		enter a number rounded to 2 decimal places

ompute days in inventory for each company. (Round answers to 0 decimal places, e.g. 1,250. Use 365 days for calculation.)

		Cullumber Company			Pharoah Company
Days in inventory		enter the number of days rounded to 0 decimal places	days		enter the number of days rounded to 0 decimal places	days

Which company moves its inventory more quickly? Pharoah company or Cullumber company