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Determine the inventory turnover for each company

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Reference no: EM132725428

Question - The cost of goods sold computations for Sunland Company and Oriole Company are shown below.

 

Sunland Company

Oriole Company

Beginning inventory

$45,000

$74,000

Cost of goods purchased

283,920

366,150

Cost of goods available for sale

328,920

440,150

Ending inventory

107,000

108,000

Cost of goods sold

$221,920

$332,150

Required - Determine the inventory turnover for each company.

Reference no: EM132725428

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