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The cost of goods sold computations for Swifty Company and Blue Spruce Company are as follows. Swifty Company Blue Spruce Company Beginning inventory $ 45,500
The cost of goods sold computations for Swifty Company and Blue Spruce Company are as follows. Swifty Company Blue Spruce Company Beginning inventory $ 45,500 $ 75,000 Cost of goods purchased 193,000 294,000 Cost of goods available for sale 238,500 369,000 Ending inventory 58,580 73,000 Cost of goods sold $ 179,920 $ 296,000 Compute inventory turnover for each company. (Round answers to 2 decimal places, eg. 15.25.) Blue Spruce Company Swifty Company Inventory turnover eTextbook and Media Compute days in inventory for each company. (Round answers to decimal places, eg. 1.250. Use 365 days for calculation.) Blue Spruce Company Swifty Company Days in inventory days days eTextbook and Media Which company moves its inventory more quickly
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