Excerpts from Karla Salons' December 31, 20x2 and 20x1, financial statements are presented below: 20x2 Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income Multiple Choice $ 42,000 29,000 3.90. 213,300 116,000 427,000 242,000 34,000 What is Karla's inventory turnover for 20x2? (Round your answer to 2 decimal places.) 20x1 $ 37,000 37,000 200,000 109,000 406,000 226,000 29,000

The cost of goods sold computations for Bridgeport Company and Sarasota Company are as follows.     Bridgeport Company   Sarasota Company Beginning inventory   $ 46,500     $ 74,000   Cost of goods purchased   199,000     290,075   Cost of goods available for sale   245,500     364,075   Ending inventory   54,680     74,500       Cost of goods sold   $190,820     $289,575   (a1)     Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 15.25.)     Bridgeport Company   Sarasota Company Inventory turnover   enter inventory turnover rounded to 2 decimal places   enter inventory turnover rounded to 2 decimal places

Presented below is information related to Kingbird Company. Cost Retail Beginning inventory $59,780 $98.000 Purchases (net) 132.070 196,100 Net markups 11,067 Net markdowns 23,589 Sales revenue 176,870 (a) Compute the ending inventory at retail. Ending inventory

(do not provide  image in solution)   Suppose that the following information is available for Nike Inc. for the current year. Beginning inventory Ending inventory Cost of goods sold Net sales Inventory turnover Days in inventory $11,570 Gross profit rate 14,360 Calculate the inventory turnover, days in inventory, and gross profit rate for Nike Inc. for the current year. (Round gross profit rate to 2 decimal places, eg. 12.51 and other answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) 103,720 145,200 times days %