Solution-What if the company sold real estate

What if the company sold real estate

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Reference no: EM13547856

The Rigby Supplement Company showed the following data in its financial statements.

	2008	2007
Cost of goods sold	$1,400,000	$1,125,000
Beginning inventory	275,000	175,000
Ending inventory	405,000	275,000

1. Compute the number of days' sales in average inventory for both 2007 and 2008. What can you infer from these numbers?

2. How would you interpret the answer to (1) if this company were in the business of selling fresh fruits and vegetables? What if the company sold real estate?

Reference no: EM13547856

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What if the company sold real estate

Reference no: EM13547856

Reference no: EM13547856

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Cost Accounting Questions & Answers

Cost accounting assignment

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