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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.RiverbedCompanyConcordCompany

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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