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The following information pertains to two competitors, Kingbird Inc. and Blossom Ltd. Company Beginning Ending Inventory Inventory Cost of Goods Sold Kingbird Inc. $144,800 $217,200
The following information pertains to two competitors, Kingbird Inc. and Blossom Ltd. Company Beginning Ending Inventory Inventory Cost of Goods Sold Kingbird Inc. $144,800 $217,200 $1,288,720 Blossom Ltd. $632,960 $405,440 $1,848,352 Kingbird Inc. reported sales revenue of $1,810,000, and Blossom Ltd. reported sales revenue of $4,720,000. (a) Calculate the inventory turnover and days to sell inventory ratios for Kingbird and Blossom. (Round answers to 1 decimal place, eg 10.5. Use 365 days for calculation) Kingbird Inc. Blossom Ltd. Inventory turnover ratio times Days to sell inventory ratio days times days
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