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The following comparative cost information is available for Bramble Limited Average Inventory Cost of Goods Sold FIFO $218,700 $758,000 Average 223,600 742,100 Bramble's current assets
The following comparative cost information is available for Bramble Limited Average Inventory Cost of Goods Sold FIFO $218,700 $758,000 Average 223,600 742,100 Bramble's current assets are $472,000, exclusive of inventory. Its current liabilities are $334,000 Calculate Bramble's inventory turnover ratio assuming (1) FIFO and (2) average cost is used to determine the cost of the ending inventory. (Round answers to 1 decimal place, e.g. 15.2.) FIFO Average Inventory Turnover times LINK TO TEXT LINK TO TEXT Calculate Bramble's current ratio assuming (1) FIFO and (2) average cost is used to determine the cost of the ending inventory. (Round answers to 1 decimal place, e.g. 15.2.) FIFO Average Current Ratio times times
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