eBook Show Me How Calculator Inventory Turnover and Days' Sales in Inventory The following financial...
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eBook Show Me How Calculator Inventory Turnover and Days' Sales in Inventory The following financial statement data for years ending December 31 for Holland Company are shown below. 2093 2014 Cost of merchandise sold $747,520 $439,533 Inventories: Beginning of year 191,260 134,320 End of year 275,940 191,260 a. Determine the inventory turnover for 2014 and 20Y3. Round to one decimalplace. Inventory Turnover 2014 2013 b. Determine the days' sales in inventory for 2014 and 2073. Assume 365 days a year. Round interim calculations and final answers to one decimal place. Days' Sales in Inventory days 2014 days 2013 Does the channe in inuenton turver and the develenlee in inuentan from 2002 to 20VA Indiente favorable or an unfahle trend? Previous Next > Check My Work
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