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The cost of goods sold for Sunland Company and Cheyenne Company are shown below. Sunland companyCheyenne companyBeginning inventory$49,000$75,000Cost of goods purchased350,000205,500Cost of goods available for
The cost of goods sold for Sunland Company and Cheyenne Company are shown below.
Sunland companyCheyenne companyBeginning inventory$49,000$75,000Cost of goods purchased350,000205,500Cost of goods available for inventory399,000280,500Ending inventory79,00083,000Costs of goods sold$320,000$197,500- Compute the inventory turnover for each company. (round to 2 decimals)
- Compute days In inventory for each company.
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