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Endor Company begins the year with $110,000 of goods in inventory. At year-end, the amount in inventory has increased to $130,000. Cost of goods sold for the year is $500,000. Compute Endor's inventory turnover and days' sales in inventory. Assume there are 365 days in the year. Inventory Turnover Choose Numerator: 1 Choose Denominator: = Choose Numerator: 1 = = Days' Sales In Inventory 1 Choose Denominator: X T 1 X X Days 365 365 Inventory Turnover Inventory Turnover times = Days' Sales in Inventory Days' sales in inventory days = =

Endor Company begins the year with $110,000 of goods in inventory. At year-end, the amount in inventory has increased to $130,000. Cost of goods sold for the year is $500,000. Compute Endor's inventory turnover and days' sales in inventory. Assume there are 365 days in the year. Inventory Turnover Choose Numerator: 1 Choose Denominator: = Choose Numerator: 1 = = Days' Sales In Inventory 1 Choose Denominator: X T 1 X X Days 365 365 Inventory Turnover Inventory Turnover times = Days' Sales in Inventory Days' sales in inventory days = =

Managerial Accounting: The Cornerstone of Business Decision-Making
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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Endor Company begins the year with $110,000 of goods in inventory. At year-end, the amount in inventory has increased to $130,000. Cost of goods sold for the year is $500,000. Compute Endor's inventory turnover and days' sales in inventory. Assume there are 365 days in the year. Choose Numerator: Choose Numerator: 1 1 Inventory Turnover Choose Denominator: = Days' Sales In Inventory 1 Choose Denominator: X 1 I X X Days 365 365 Inventory Turnover Inventory Turnover times = Days' Sales in Inventory = Days' sales in inventory days =
Transcribed Image Text:Endor Company begins the year with $110,000 of goods in inventory. At year-end, the amount in inventory has increased to $130,000. Cost of goods sold for the year is $500,000. Compute Endor's inventory turnover and days' sales in inventory. Assume there are 365 days in the year. Choose Numerator: Choose Numerator: 1 1 Inventory Turnover Choose Denominator: = Days' Sales In Inventory 1 Choose Denominator: X 1 I X X Days 365 365 Inventory Turnover Inventory Turnover times = Days' Sales in Inventory = Days' sales in inventory days =
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