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Calculate the average days in inventory for each company

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Reference no: EM132543319

Lewis Incorporated and Clark Enterprises report the following amounts for the year.

                                                  Lewis                    Clark

Inventory (beginning)             $26,000             $52,000

Inventory (ending)                   20,000                  62,000

Purchases                                291,600                254,400

Purchase returns                          17,000                  62,000

Question 1: Calculate the average days in inventory for each company. (Round your intermediate calculations to 1 decimal place.)

Average Days in Inventory

Lewis=days

Clark=days

Reference no: EM132543319

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