Mathematics, 07.04.2021 22:20 kob3965
Lewis Incorporated and Clark Enterprises report the following amounts for the year.
Lewis Clark
Inventory (beginning) $ 17,000 $ 43,000
Inventory (ending) 11,000 53,000
Purchases 160,200 173,400
Purchase returns 8,000 53,000
2. Calculate the inventory turnover ratio for each company.
3. Calculate the average days in inventory for each company.
Answers: 1
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Lewis Incorporated and Clark Enterprises report the following amounts for the year.
Lewis Clark
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