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You want to own and operate a retail business and before you dive into your own retail store you decide to examine the inventory
You want to own and operate a retail business and before you dive into your own retail store you decide to examine the inventory and sales of two publicly traded retailers. You were able to obtain the following summarized information for Satisfactory Goods Inc. and Money Refunded Ltd.: Satisfactory Goods Inc. Money Refunded Ltd. Beginning Inventory January 1, 2019 $301,000 $541,000 Ending Inventory December 31, 2019 Ending Inventory December 31, 2020 Cost of Goods Sold December 31, 2019 $566,000 $745,000 $782,000 $790,000 $4,470,567 $1.253,745 Cost of Goods Sold December 31,2020 $6,862,548 $3,482,418 Sales-2019 $6,099.000 $3,765,000 Sales-2020 $7,427,000 $4,982,000
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