Cost of merchandise sold Inventory, beginning of year Inventory, end of year Kracker Corp. $32,850.0 1,908.9 1,871.1 Foodstuff Winston Inc. Stores $34,675.0 2,131.8 2,048.2 $35,405.0 1,498.7 1,411.3 a. & b. Determine the inventory turnover and the number of days' sales in inventory (use 365 days and round to the nearest day) for the three companies. Round all interim calculations to one decimal place. For days' sales in inventory, round final answers to the nearest day, and for inventory turnover, round to one decimal place. Company names Kracker Inventory Turnover 17.4 V Days' Sales in Inventory 21 days Foodstuff 16.6 Winston Stores 24.3 e. The inventory turnover ratios and days' sales in inventory are similar and a tower Stores in managing inventory. 22days 15 days ✔for Kracker and Foodstuff. Winston Stores has a higher days' sales in inventory than Kracker and Foodstuff. These results suggest that Kracker and Foodstuff are less. inventory turnove ✔efficient than Winston d. If Kracker had Winston Stores' days' sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? Round interim calculations to one decimal place and your final answer to the nearest million. 1,352 X million

Inventory Analysis A company reports the following: Cost of goods sold $478,150 Average inventory 95,630 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a. Inventory turnover b. Number of days' sales in inventory days

The following is information for Palmer Co.    Year 3 Year 2 Year 1 Cost of goods sold $ 643,825 $ 426,650 $ 391,300 Ending inventory   97,400   87,750   92,500   Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2.

SCC Company reported the following for the current year:  Net sales $ 48,000 Cost of goods sold 40,000 Beginning balance in inventory 2,000 Ending balance in inventory 8,000 Compute (a) inventory turnover and (b) days’ sales in inventory.  Compute the inventory turnover.         Inventory Turnover Numerator: / Denominator: = Inventory Turnover   /   = Inventory turnover   /   = 0 times Compute the days’ sales in inventory.         Days’ Sales In Inventory Numerator: / Denominator: × Days = Days’ Sales In Inventory   /   ×   = Days’ sales in inventory   /   ×   = 0 days

Inventory Analysis A company reports the following: Cost of merchandise sold $569,400 Average merchandise inventory 87,600 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a.  Inventory turnover fill in the blank 1 b.  Number of days' sales in inventory fill in the blank 2 days

Given the following data, what is cost of goods sold as determined by the FIFO method? Sales Beginning inventory Purchases OA. $1,750 O B. $2,040 O C. $1,600 OD. $3,200 320 units 290 units at $5 per unit 88 units at $10 per unit

Question Content Area Based on the following data for the current year, what is the inventory turnover (rounded to one decimal place)? Sales on account during year $598,636 Cost of merchandise sold during year 212,753 Accounts receivable, beginning of year 44,419 Accounts receivable, end of year 53,126 Merchandise inventory, beginning of year 32,158 Merchandise inventory, end of year 39,584

pp. Subject :- Accounting

Inventory turnover and number of days’ sales in inventory Financial statement data for years ending December 31 for Tango Company follow:   20Y7 20Y6 Cost of goods sold $3,791,255 $4,079,970 Inventories:       Beginning of year 773,800 737,300   End of year 839,500 773,800 Required a. Determine the inventory turnover for 20Y7 and 20Y6. Round to one decimal place.   20Y7 20Y6 Inventory turnover     b. Determine the number of days’ sales in inventory for 20Y7 and 20Y6. Use 365 days and round to one decimal place.   20Y7 20Y6 Number of days’ sales in inventory  days  days c. Are the changes in inventory turnover and the number of days’ sales in inventory from 20Y6 to 20Y7 favorable or unfavorable?

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