The following data for 2000 , regarding the inventory of two companies, is available: begin{tabular}{lrr} hline &

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The following data for 2000 , regarding the inventory of two companies, is available:

\begin{tabular}{lrr}

\hline & Atkins Computers & Burbank Electronics \\

\hline Beginning inventory $\ldots \ldots \ldots \ldots \ldots$ & $\$ 40,000$ & $\$ 80,000$ \\

Ending inventory . . . . . . . . . & 48,000 & 95,000 \\

Cost of goods sold $\ldots \ldots \ldots$ & 690,000 & 910,000 \\

\hline

\end{tabular}

Compute inventory turnover and number of days' sales in inventory for both companies. Which company is handling its inventory more efficiently?

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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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Question Posted: Jun 21, 2024 09:05 AM

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The following data for 2000 , regarding the inventory of two companies, is available: begin{tabular}{lrr} hline &

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Survey Of Accounting

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