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The following information was reported for Crane Industries: 2022 2023 2024 Ending Inventory $167,000 $190,000 $244,000 Cost of Goods sold $533,325 $565,845 $737,800 Calculate
The following information was reported for Crane Industries: 2022 2023 2024 Ending Inventory $167,000 $190,000 $244,000 Cost of Goods sold $533,325 $565,845 $737,800 Calculate the inventory turnover and average days for both 2023 and 2024. (Round Inventory turnover to 2 decimal places, e.g. 15.75 and Average days to 1 decimal place, eg. 15.1. Use 365 days for calculation.) Inventory turnover Average days 2023 Comment on the company's liquidity. Crane has its liquidity. times days 2024 times days C AC Vi AC
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
