QS 1-21 (Algo) Computing inventory ratios LO A1Sims company reports beginning raw materials inventory of $1,600 and ending raw materials inventory of $2,400. Assume thecompany purchased $16,800 of raw materials and used $16,000 of raw materials during the year. Compute raw materials inventoryturnover and the number of days' sales in raw materials inventory.Complete this question by entering your answers in the tabs below.Raw Materials Days Sales InRaw MaterialsInventoryInventoryturnoverCompute the number of days' sales in raw materials inventory.Numerator:Days' Sales In Raw Materials InventoryDenominator:10 QS 1-21 (Algo) Computing inventory ratios LO A1Sims company reports beginning raw materials inventory of $1,600 and ending raw materials inventory of $2,400. Assume thecompany purchased $16,800 of raw materials and used $16,000 of raw materials during the year. Compute raw materials inventoryturnover and the number of days' sales in raw materials inventory.Complete this question by entering your answers in the tabs below.Raw Materials Days Sales InInventoryRaw MaterialsturnoverInventoryCompute raw materials inventory turnover.Numerator:111Raw Materials Inventory turnoverDenominator:Cew Materiala wwwntory turnoverRaw Materials Inventory turnoverRaw materials inventory turnoverDays Sales In Raw Materials Inventory >0

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Description: QS 1-21 (Algo) Computing inventory ratios LO A1Sims company reports beginning raw materials inventory of $1,600 and ending raw materials inventory of $2,400. Assume thecompany purchased $16,800 of raw materials and used $16,000 of raw materials duri

Answer : Raw material inventory turnover = Raw material used / Average raw material inventory Raw…

Business

Accounting

pany reports beginning raw materials inventory of $1,600 and en purchased $16,800 of raw materials and used $16,000 of raw ma and the number of days' sales in raw materials inventory. ete this question by entering your answers in the tabs below. arials Days Sales In ory Raw Materials Inventory er e the number of days' sales in raw materials inventory.

pany reports beginning raw materials inventory of $1,600 and en purchased $16,800 of raw materials and used $16,000 of raw ma and the number of days' sales in raw materials inventory. ete this question by entering your answers in the tabs below. arials Days Sales In ory Raw Materials Inventory er e the number of days' sales in raw materials inventory.

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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