6-14
Cclegg00
exercise_6-14_a.doc
Exercise 6-14 (Part Level Submission)The cost of goods sold computations for Silver Company and Gold Company are shown below. Silver Company Gold Company Beginning inventory $ 47,000 $ 71,000 Cost of goods purchased 200,000 290,000 Cost of goods available for sale 247,000 361,000 Ending inventory 55,000 69,000 Cost of goods sold $192,000 $292,000 |
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(a)
Compute inventory turnover for each company. (Round answers to 2 decimal places, e.g. 1.25.) Silver Company Gold Company Inventory turnover ratio
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