Endor Company begins the year with $90,000 of goods in inventory. At year-end, the amount in inventory has increased to $103,000. Cost of goods sold for the year is $600,000. Compute Endor's inventory...


Endor Company begins the year with $90,000 of goods in inventory. At year-end, the amount in inventory has increased to $103,000.<br>Cost of goods sold for the year is $600,000.<br>Compute Endor's inventory turnover and days' sales in inventory. Assume there are 365 days in the year.<br>Inventory Turnover<br>Choose Numerator:<br>Choose Denominator:<br>Inventory Turnover<br>Inventory Turnover<br>times<br>Days' Sales in Inventory<br>Choose Numerator:<br>Choose Denominator:<br>Days<br>= Days' Sales in Inventory<br>365<br>Days' sales in inventory<br>365<br>days<br>

Extracted text: Endor Company begins the year with $90,000 of goods in inventory. At year-end, the amount in inventory has increased to $103,000. Cost of goods sold for the year is $600,000. Compute Endor's inventory turnover and days' sales in inventory. Assume there are 365 days in the year. Inventory Turnover Choose Numerator: Choose Denominator: Inventory Turnover Inventory Turnover times Days' Sales in Inventory Choose Numerator: Choose Denominator: Days = Days' Sales in Inventory 365 Days' sales in inventory 365 days

Jun 10, 2022
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