Question
The cost of goods sold computations for Riverbed Company and Concord Company are as follows. Riverbed Concord Company Company Beginning inventory $ 45,500 $73,000
The cost of goods sold computations for Riverbed Company and Concord Company are as follows. Riverbed Concord Company Company Beginning inventory $ 45,500 $73,000 Cost of goods purchased 193,500 296,250 Cost of goods available for sale 239,000 369,250 Ending inventory 57,875 72,000 Cost of goods sold $181,125 $297,250 (a1) Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.) Riverbed Company Concord Company Inventory turnover
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Financial and managerial accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
1st edition
111800423X, 9781118233443, 1118016114, 9781118004234, 1118233441, 978-1118016114
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