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The cost of goods sold computations for Target Company and Caesar Company are shown below. Target Company Caesar Company Beginning inventory $ 47,540 $ 71,200
The cost of goods sold computations for Target Company and Caesar Company are shown below. Target Company Caesar Company Beginning inventory $ 47,540 $ 71,200 Cost of goods purchased 190,630 293,400 Cost of goods available for sale 238,170 364,600 Ending inventory 56,520 73,310 Cost of goods sold $181,650 $291,290 (a) Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 1.25.) Target Company Caeser Company Inventory turnover ratio
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