Reference no: EM132926147

Question - The cost of goods sold computations for Carla Vista Company and Kingbird Company are shown below.

Carla Vista Company

Beginning inventory $46,000

Cost of goods purchased 291,760

Cost of goods available for sale 337,760

Ending inventory 110,000

Cost of goods sold $227,760

Kingbird Company

Beginning Inventory $73,000

Cost of goods purchased 505,000

Cost of goods available for sale 578,000

Ending inventory 113,000

Cost of goods sold $465,000

Required - Compute inventory turnover for each company.