Business, 07.08.2021 01:10 shiny9362

The following financial statement data for years ending December 31 for Gillispie Company are shown below. 2016 2015
Cost of merchandise sold: $1,168,000 $711,312
Beginning of year: $299,300 $208,780
End of year: 430,700 99,300
a. Determine the inventory turnover for 2015 and 2016.
b. Determine the number of day' s sales in inventory for 2015 and 2016.

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The following financial statement data for years ending December 31 for Gillispie Company are shown...

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