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 t
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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. |
11 years ago
