Cost of Good  Sold Beginning   Inventory (In   Pesos) Ending   Inventory (In   Pesos) 1  503,425  10,300  12,400 2  643,056  12,400  11,200 3  690,432  11,200  10,670 4  734,509  10,670  11,200 5  758,734  ?  10,987 REQUIRED Determine the inventory turnover for year 5. Determine the number of days the finished goods stay in inventory in Year 1. There was no improvement in inventory turnover in Year 5 compared to Year 1. This  statement is not correct. Write YES or NO for the answer

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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Year

Cost of Good  Sold

Beginning  

Inventory (In  

Pesos)

Ending  

Inventory (In  

Pesos)

503,425 

10,300 

12,400

643,056 

12,400 

11,200

690,432 

11,200 

10,670

734,509 

10,670 

11,200

758,734 

10,987

REQUIRED

  • Determine the inventory turnover for year 5.
  • Determine the number of days the finished goods stay in inventory in Year 1.
  • There was no improvement in inventory turnover in Year 5 compared to Year 1. This  statement is not correct. Write YES or NO for the answer
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