Both Dave and Kelly own auto parts stores. The following information is available for 1999 and 2000

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Both Dave and Kelly own auto parts stores. The following information is available for 1999 and 2000

\begin{tabular}{|c|c|c|}
\hline & Dave & Kelly \\
\hline \multicolumn{3}{|l|}{ Gross margin } \\
\hline 1999. . . . . . . . . . . . . . . . . . . . . & $\$ 150,000$ & $\$ 300,000$ \\
\hline 2000. . . . . . . . . . . . . . . . & 130,000 & 350,000 \\
\hline \multicolumn{3}{|l|}{ Ending inventory } \\
\hline 1999. . . . . . . . & 75,000 & 225,000 \\
\hline 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . & 55,000 & ![](https://cdn.mathpix.com/cropped/2024_06_21_3f3a663d80d41d3f9137g-512.jpg?height=38\&width=113\&top_left_y=430\&top_left_x=1671) \\
\hline \end{tabular}
1. Calculate each company's turnover for inventory for 2000 .
2. Which owner manages its inventory better? Explain your answer.

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Survey Of Accounting

ISBN: 9780538846172

1st Edition

Authors: James D. Stice, W. Steve Albrecht, Earl Kay Stice, K. Fred Skousen

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