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The following is information for Palmer Company. Cost of goods sold Ending inventory Year 3 $ 643,825 96,400 Year 2 $ 426,650 86, 7501
The following is information for Palmer Company. Cost of goods sold Ending inventory Year 3 $ 643,825 96,400 Year 2 $ 426,650 86, 7501 Year 1 $ 391,300 91,500 Check my work Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2. From Year 2 to Year 3, did Palmer improve its (a) inventory turnover and (b) days' sales in inventory? Use the above information to compute inventory turnover for Year 2, and its days' sales in inventory at December 31, Year 2. ces Inventory turnover Days' sales in inventory Numerator Denominator Ratio. Use the above information to compute inventory turnover for Year 3, and its days' sales in inventory at December 31, Year 3. Numerator < Prev 8 of 9 Denominator Next > Ratio
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