The following data are from the income statements of Davros Company. (a) Compute for each year (1)

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The following data are from the income statements of Davros Company.

(a) Compute for each year (1) the inventory turnover and (2) the average days to sell the inventory.(b) What conclusions concerning the management of the inventory can be drawn from thesedata?

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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Oct 28, 2011 06:00 AM

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The following data are from the income statements of Davros Company. (a) Compute for each year (1)

Question:

2012 $6.240,000 860.000 4,661,000 980,000 2013 $6.420.000 980,000 4.340,000 1.020,000 Sales Beginning inventory Purchases Ending inventory

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a Inventory turnover 1 2 Days in inventory b Management should ...View the full answer

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