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$3.00 be18-12a

  • From Economics: Accounting
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  • Due on Jun. 08, 2012
  • Asked on Jun 05, 2012 at 3:51:51PM
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jasellers1965
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Q:
The following data are from the income statements of Huntsinger Company.
      2011   2010
  Sales   $6,420,000   $6,240,000
  Beginning inventory   980,000   860,000
  Purchases   4,340,000   4,661,000
  Ending inventory   1,020,000   980,000

Compute for each year (1) the inventory turnover and (2) the average days to sell the inventory. (Round answers to 1 decimal place, e.g. 10.5. Use rounded answers for future calculations.)

    2011 2010
(1) Inventory turnover times times
(2) Average days days days

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solution for BE18-12 (a)
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Preview: ... 000/1,000,000 = 4.3 times [(COGS = Beg.inventory + Purchases - Ending inventory; ...
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BE 18-12_Huntsinger Company
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BE18-12 Huntsinger Company (with explanation)
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be18-12a Huntsinger Company: GUARANTEED 100% CORRECT WITH VERY DETAILED SOLUTIONS!!!
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