(Solution) - The company reported the following information for the year Beginning accounts -(2025 Original AI-Free Solution)
Paper Details
The company reported the following information for the year:
Beginning accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,000
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000
Ending inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,800
Ending accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,100
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,000
Beginning inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,300
Compute
(1) Inventory turnover and
(2) Number of days? sales in inventory.