Selected balance sheet and income statement information for American Symbol Outfitters, Inc. and Taylor S., Inc. for 2016 follows: (in thousands)
A. Compute the inventory turnover rate for American Symbol and Taylor S., Inc. for 2016.
B. Comment on the differences you observe between the turnover rates for these two companies.

Question

Selected balance sheet and income statement information for American Symbol Outfitters, Inc. and Taylor S., Inc. for 2016 follows: (in thousands)
  A. Compute the inventory turnover rate for American Symbol and Taylor S., Inc. for 2016.
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 American Symbol Outfitters, Inc. and Taylor S., Inc. for 2016 follows: (in thousands)
  A. Compute the inventory turnover rate for American Symbol and Taylor S., Inc. for 2016.
B. Comment on the differences you observe between the turnover rates for these two companies.

Selected Balance Sheet and Income Statement Information for American Symbol