Question
The January 28, 2020 (fiscal year 2019) financial statements of Caleres, Inc. reported the following information (in thousands): 2019 2018 Cost of sales $1,617,398 $1,550,246
The January 28, 2020 (fiscal year 2019) financial statements of Caleres, Inc. reported the following information (in thousands): 2019 2018 Cost of sales $1,617,398 $1,550,246 Inventories, net 576,748 588,620 LIFO reserve 4,445 4,394 The 2019 average days inventory outstanding is:
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Financial Accounting An International Introduction
Authors: David Alexander
7th Edition
129229583X, 978-1292295831
