At December 31, 2020, the following information was available for Crane Company: ending inventory $28,000;...
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Accounting
At December 31, 2020, the following information was available for Crane Company: ending inventory $28,000; beginning inventory $27,010; cost of goods sold $214,539; and sales revenue $541,800. Calculate the inventory turnover and days in inventory for Crane. (Use 365 days for colculation. Round answers to 1 decimal place, eg. 15.2 \). Ifventory turnover Daysinimventory times days
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