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Exercise 6-15 (Algo) Calculate cost of goods sold, the inventory turnover ratio, and average days...

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Accounting

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Exercise 6-15 (Algo) Calculate cost of goods sold, the inventory turnover ratio, and average days in inventory (LO62,67) Lewis Incorporated and Clark Enterprises report the following omounts for the year. Required: 1. Coiculate cost of goods sold for each company. 2. Colculate the inventory turnover ratio for each company. 3. Colculate the average days in inventory for each company. 4. Which company appears to be maneging its inventory more efficiontly? Complete this question by entering your answers in the tabs below. Calculate cost of goods sold for each cempany

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