Question
Use the following information for Palmer Co. to compute inventory turnover for 2019 and 2018, and its day's sales in inventory at December 31, 2019
Use the following information for Palmer Co. to compute inventory turnover for 2019 and 2018, and its day's sales in inventory at December 31, 2019 and 2018. (Do not round interim calculations. Round your answers to one decimal place. Use 365 days for a year.)
| 2019 | 2018 | 2017 | |
| Cost of goods sold | $667,134 | $442,104 | $405,600 |
| Ending inventory | 92,232 | 87,840 | 97,600 |
2018 2019
| Inventory turnover times | |
| Day's Sales in inventory days |
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Contemporary Debates On Politics And Public Administration In The Postmodern Era
Authors: Ömer Ugur, Kadir Caner Dogan
1st Edition
3631796331, 9783631796337
