Question
The following information is available for Dahlias Deli for three recent years: 2022 2021 2020 Sales 500,000 490,000 465,500 Cost of goods sold 325,000 323,400
The following information is available for Dahlias Deli for three recent years:
|
| 2022 | 2021 | 2020 |
| Sales | 500,000 | 490,000 | 465,500 |
| Cost of goods sold | 325,000 | 323,400 | 316,540 |
| Inventory | 42,000 | 40,000 | 37,800 |
The ending inventory at December 31, 2019, was $ 36,000.
Instructions
Calculate the inventory turnover, the days sales in inventory, and gross profit margin for Dalhias Deli for each of the three years, and comment on any trends.(Don't forget to comment on trends, please)
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Accounting For Non-Accountants
Authors: David Horner
10th Edition
0749472812, 978-0749472818
