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Compute inventory turnover for each company

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Reference no: EM132894009

Question - The cost of goods sold computations for Cullumber Company and Pharoah Company are shown below.

 

Cullumber Company

Pharoah Company

Beginning inventory

$47,000

$73,000

Cost of goods purchased

302,000

360,760

Cost of goods available for sale

349,000

433,760

Ending inventory

129,000

133,000

Cost of goods sold

$220,000

$300,760

Required - Compute inventory turnover for each company.

Reference no: EM132894009

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