At December 31, 2022 the following information (in thousands) was available for Swifty Inc: ending inventory $22.200; beginning inventory $21.800, cost of goods sold $180,400, and sales revenue $435,000. Calculate the inventory turnover and days in inventory for Swifty. (Round answers to 1 decimal places, eg. 15.2. Use 365 days fom calculation.) times Inventory turnover

At December 31, 2022 the following information (in thousands) was available for Swifty Inc: ending inventory $22.200; beginning inventory $21.800, cost of goods sold $180,400, and sales revenue $435,000. Calculate the inventory turnover and days in inventory for Swifty. (Round answers to 1 decimal places, eg. 15.2. Use 365 days fom calculation.) times Inventory turnover

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 46E

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