The following information is available for Heller Company: Beginning inventory $60,000 Cost of goods sold 640,000 Ending inventory 100,000 Sales revenue 1,000,000 Calculate the inventory turnover and days in inventory for Heller Company. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 15.2.) Inventory turnover Days in inventory times days

The following information is available for Heller Company: Beginning inventory $60,000 Cost of goods sold 640,000 Ending inventory 100,000 Sales revenue 1,000,000 Calculate the inventory turnover and days in inventory for Heller Company. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 15.2.) Inventory turnover Days in inventory times days

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 8PEA: Financial statement data for years ending December 31 for Holland Company follow: a. Determine the...

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