At December 31, 2022 the following information (in thousands) was available for Swifty Inc: ending inventory $22.200; beginning inventory $21.800, cost of goods sold $180,400, and sales revenue $435,000. Calculate the inventory turnover and days in inventory for Swifty. (Round answers to 1 decimal places, eg. 15.2. Use 365 days fom calculation.) times Inventory turnover

At December 31, 2022 the following information (in thousands) was available for Swifty Inc: ending inventory $22.200; beginning inventory $21.800, cost of goods sold $180,400, and sales revenue $435,000. Calculate the inventory turnover and days in inventory for Swifty. (Round answers to 1 decimal places, eg. 15.2. Use 365 days fom calculation.) times Inventory turnover

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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