Selected balance sheet and income statement information for Software Corporation and Entertainment Corporation for 2019 follows (in thousands):
Required:
a. Compute the inventory turnover rate for Software Co. and Entertainment Co. for 2019.
b. Comment on the differences you observe between the turnover rates for these two companies.

Question

Selected balance sheet and income statement information for Software Corporation and Entertainment Corporation for 2019 follows (in thousands):
  Required:
a. Compute the inventory turnover rate for Software Co. and Entertainment Co. for 2019.
b. Comment on the differences you observe between the turnover rates for these two companies.

Quizplus · Accepted Answer

The Answer of Selected balance sheet and income statement information for Software Corporation and Entertainment Corporation for 2019 follows (in thousands):
  Required:
a. Compute the inventory turnover rate for Software Co. and Entertainment Co. for 2019.
b. Comment on the differences you observe between the turnover rates for these two companies.

Selected Balance Sheet and Income Statement Information for Software Corporation