Please answer attached 11:10 1AAA Ims.yu.edu.saQ4:On December 31, 2022, the following information (inthousands) was available for Kitselman Inc.: ending inventory$22,600; beginning inventory $21,400; cost of goods sold$198,000, and sales revenue $430,000. Calculate the inventoryturnover and days in inventory for Kitselman.

Inventory Turnover Ratio: This ratio shows how many times a business has replaced or sold the…

Answered: $198,000, and sales revenue $430,000.…

Business

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$198,000, and sales revenue $430,000. Calculate the inventory turnover and days in inventory for Kitselman.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 17MCQ: ( Appendix 6B) Refer to the information for Morgan Inc. above. If Morgan uses a periodic inventory...

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Question

Please answer attached

11:10 1
AA
A Ims.yu.edu.sa
Q4:
On December 31, 2022, the following information (in
thousands) was available for Kitselman Inc.: ending inventory
$22,600; beginning inventory $21,400; cost of goods sold
$198,000, and sales revenue $430,000. Calculate the inventory
turnover and days in inventory for Kitselman.

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