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This information is available for Sheridan Company for 2017, 2018, and 2019. 2017 2018 2019 Beginning inventory 107,000 $315,500 416,000 Ending inventory Cost of goods
This information is available for Sheridan Company for 2017, 2018, and 2019.
2017 2018 2019 Beginning inventory 107,000 $315,500 416,000 Ending inventory Cost of goods sold Sales revenue 315,500 416,000 475,000 891,500 1,121,000 1,291,000 1,202,500 1,604,000 1,902,500 Calculate inventory turnover for Sheridan Company for 2017, 2018, and 2019. (Round answers to 2 decimal places, e.g. 1.52. 2017 2018 2019 Inventory turnover LINK TO TEXT Calculate days in inventory for Sheridan Company for 2017, 2018, and 2019. (Round answers to 1 decimal place, e.g. 1.5. Use 365 days for calculation.) 2017 2018 2019 Days in inventory days days days LINK TO TEXT Calculate gross profit rate for Sheridan Company for 2017, 2018, and 2019. (Round answers to 0 decimal places, eg. 125%.)
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