Use the follwing information for questions 14 and 15 The following information was available for Hawley Company at December 31, 2021: beginning inventory $80,000; ending inventory $120,000; cost of goods sold $700,000;and sales $1,000,000. Hawley,s inventory turnover ratio in 2021 was 14. a. 10.0 times b. 8.6 times с. 7.0 times d. 5.8 times 15. Hawley's days in inventory in 2021 was 36.5 days 42.4 days 52.1 days 62.9 days a. b. с. d.

Use the follwing information for questions 14 and 15 The following information was available for Hawley Company at December 31, 2021: beginning inventory $80,000; ending inventory $120,000; cost of goods sold $700,000;and sales $1,000,000. Hawley,s inventory turnover ratio in 2021 was 14. a. 10.0 times b. 8.6 times с. 7.0 times d. 5.8 times 15. Hawley's days in inventory in 2021 was 36.5 days 42.4 days 52.1 days 62.9 days a. b. с. d.

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Description: Use the follwing information for questions 14 and 15The following information was available for Hawley Company at December 31,2021: beginning inventory $80,000; ending inventory $120,000; cost of goodssold $700,000; and sales $1,000,000.Hawley, s in

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 16PB: Use the following information relating to Medinas Company to calculate the inventory turnover ratio,...

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