Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Accounting Posted 08 Aug 2017 My Price 4.00

Big Sale Stores

Inventory ratios

e11A. BusIness applICatIon â–¶ Big Sale Stores is assessing its levels of inventory for 2013 and 2014 and has gathered the following data:

 

 

 

2014

2013

2012

Ending inventory

$192,000

$162,000

$138,000

Cost of goods sold

960,000

900,000

 

 

 

 

 

 

 

Compute the inventory turnover and days’ inventory on hand for 2013 and 2014 (round to one decimal place), and comment on the results.

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Aug 2017 02:08 PM My Price 4.00

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