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Business, 16.10.2021 20:20 oofoofoof1

The cost of goods sold computations for Novak Company and Flounder Company are as follows. Novak Company Flounder Company Beginning inventory $ 45,000 $ 71,000 Cost of goods purchased 199,000 295,475 Cost of goods available for sale 244,000 366,475 Ending inventory 55,060 71,500 Cost of goods sold $ 188,940 $ 294,975 (a1) Correct answer icon Your answer is correct. Compute inventory turnover for each company. (Round answers to 2 decimal places, e. g. 15.25.) Novak Company Flounder Company Inventory turnover enter inventory turnover rounded to 2 decimal places 3.78 enter inventory turnover rounded to 2 decimal places 4.14 eTextbook and Media Attempts: 1 of 10 used (a2) Compute days in inventory for each company. (Round answers to 0 decimal places, e. g. 1,250. Use 365 days for calculation.) Novak Company Flounder Company Days in inventory enter the days in inventory days enter the days in inventory days

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The cost of goods sold computations for Novak Company and Flounder Company are as follows. Novak Com...
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