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3 years ago

The following is information for Palmer Co.:

Business

1 answer:

ivanzaharov [21]3 years ago

8 0

Answer:

i. 4.7 times

ii. 77.1 days

i. 7 times

ii. 52.1 days

Explanation:

Inventory turnover = cost of goods sold / average inventory

average inventory for 2016 = ( 87,750 + 92,500 ) / 2 = $90,125

Inventory turnover $426,650 / $90,125 = 4.7 times

Days' sales in inventory = 365 / inventory turnover = 77.1 days

for 2017

inventory turnover = cost of goods sold / average inventory

average inventory for 2017 = ( 97,400 + 87,750 ) / 2 = $92,575

Inventory turnover $643,825 / $92,575 = 7.0 times

Days' sales in inventory = 365 / inventory turnover = 52.1 days

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2 years ago

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Dimas [21]

Answer:

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3 years ago

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choli [55]

Answer:

$2,080 is the correct answer to the given question .

Explanation:

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3 years ago

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1 year ago

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3 years ago