The following information is available for Heller Company: Beginning inventory $60,000 Cost of goods sold 640,000 Ending inventory 100,000 Sales revenue 1,000,000 Calculate the inventory turnover and days in inventory for Heller Company. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 15.2.) Inventory turnover Days in inventory times days
The following information is available for Heller Company: Beginning inventory $60,000 Cost of goods sold 640,000 Ending inventory 100,000 Sales revenue 1,000,000 Calculate the inventory turnover and days in inventory for Heller Company. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 15.2.) Inventory turnover Days in inventory times days
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Inventories
Section: Chapter Questions
Problem 8PEA: Financial statement data for years ending December 31 for Holland Company follow: a. Determine the...
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