Solution-Determine the inventory turnover and days in

Determine the inventory turnover and days in inventory

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Reference no: EM13531806

Early in 2012, Aragon Company switched to a just-in-time inventory system. Its sales and inventory amounts for 2011 and 2012 are shown below.

	2011	2012
Sales revenue	$3,120,000	$3,713,000
Cost of goods sold	1,200,000	1,425,000
Beginning inventory	170,000	210,000
Ending inventory	210,000	90,000

Determine the inventory turnover and days in inventory for 2011 and 2012. Discuss the changes in the amount of inventory, the inventory turnover and days in inventory, and the amount of sales across the two years.

Reference no: EM13531806

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Determine the inventory turnover and days in inventory

Reference no: EM13531806

Reference no: EM13531806

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