Exercise 5-13 Inventory Turnover
Exercise 5-13 Inventory turnover and days sales in inventory LO A3
| The following information for Palmer Co. |
| 2013 | 2012 | 2011 | |
| Cost of goods sold | $ 623,825 | $ 406,650 | $ 371,300 |
| Ending inventory | 98,400 | 88,750 | 93,500 |
|
|
|||
| Use the above information to compute inventory turnover for 2013 and 2012, and its days’ sales in inventory at December 31, 2013 and 2012. |
Do you need a similar assignment written for you from scratch? We have qualified writers to help you.
You can rest assured of an A+ quality paper that is plagiarism free. Order now for a FREE first Assignment!
Use Discount Code "FREE" for a 100% Discount!
NB: We do not resell papers. Upon ordering, we write an original paper exclusively for you.
