You are provided with the following information about Kepenkeck Inc. (Kepenkeck): Required: a. Calculate Kepenkecks inventory turnover
Question:
You are provided with the following information about Kepenkeck Inc. (Kepenkeck):
Required:
a. Calculate Kepenkeck’s inventory turnover ratio for the year ended November 30, 2014.
b. What is the average length of time it took Kepenkeck to sell its inventory in 2014?
c. Is Kepenkeck’s inventory turnover ratio satisfactory? What would you need to know to fully answer this question?
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