Solution-Compute for each year 1 the inventory turnover and

Compute for each year 1 the inventory turnover and 2 the

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Reference no: EM13575844

The following data are from the income statements of Ellen Noodles Company:

Sales	$6,420,000	$6,240,000
Beginning inventory	960,000	860,000
Purchases	4,540,000	4,661,000
Ending inventory	1,020,000	960,000

(a) Compute for each year (1) the inventory turnover and (2) the average days to sell the inventory.

(b) What conclusions concerning the management of the inventory can be drawn from these data?

Reference no: EM13575844

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Compute for each year 1 the inventory turnover and 2 the

Reference no: EM13575844

Reference no: EM13575844

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