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Endor Company begins the year with $170,000 of goods in inventory. At year-end, the amount in inventory has increased to $190 Cost of goods sold for the year is $2,000,000. 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: = 1 1 Choose Numerator: 1 1 1 Days' Sales in Inventory. Choose Denominator: X 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 $170,000 of goods in inventory. At year-end, the amount in inventory has increased to $190 Cost of goods sold for the year is $2,000,000. 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: = 1 1 Choose Numerator: 1 1 1 Days' Sales in Inventory. Choose Denominator: X 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 $170,000 of goods in inventory. At year-end, the amount in inventory has increased to $190,000. Cost of goods sold for the year is $2,000,000. Compute Endor's inventory turnover and days' sales in inventory. Assume there are 365 days in the year. Choose Numerator: 1 Choose Denominator: 1 7 Choose Numerator: Inventory Turnover 1 1 7 Days' Sales in Inventory Choose Denominator: X X X Days 365 365 Inventory Turnover Inventory Turnover times Days' Sales in Inventory = Days' sales in inventory days w
Transcribed Image Text:Endor Company begins the year with $170,000 of goods in inventory. At year-end, the amount in inventory has increased to $190,000. Cost of goods sold for the year is $2,000,000. Compute Endor's inventory turnover and days' sales in inventory. Assume there are 365 days in the year. Choose Numerator: 1 Choose Denominator: 1 7 Choose Numerator: Inventory Turnover 1 1 7 Days' Sales in Inventory Choose Denominator: X X X Days 365 365 Inventory Turnover Inventory Turnover times Days' Sales in Inventory = Days' sales in inventory days w
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