The following information was reported for Ivanhoe Industries: Ending Inventory Cost of Goods sold 2022 2023 $142,000 $191,000 $518,325 $554,445 2024 $236,000 $721,630 Calculate the inventory turnover and average days for both 2023 and 2024. (Round Inventory turnover to 2 decimal places, e.g. 15.75 Average days to 1 decimal place, e.g. 15.1. Use 365 days for calculation.) 23023 2024

The following information was reported for Ivanhoe Industries: Ending Inventory Cost of Goods sold 2022 2023 $142,000 $191,000 $518,325 $554,445 2024 $236,000 $721,630 Calculate the inventory turnover and average days for both 2023 and 2024. (Round Inventory turnover to 2 decimal places, e.g. 15.75 Average days to 1 decimal place, e.g. 15.1. Use 365 days for calculation.) 23023 2024

Name: Subject :- Accounting The following information was reported for Ivanh
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Description: Subject :- Accounting The following information was reported for Ivanhoe Industries:Ending InventoryCost of Goods soldInventory turnoverAverage days2022$142,000$191,000$518,325 $554,445Calculate the inventory turnover and average days for both 2023 a

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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