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The following Information applies to the questions displayed below Lewis Incorporated and Clark Enterprises report the following amounts for the year

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The following Information applies to the questions displayed below Lewis Incorporated and Clark Enterprises report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns Lewis $ 19.00 11.ee 188.00 19,690 Clans 3 45.000 55.ee 190.se 55.000 Required: 1. Calculate cost of goods sold for each company Lewis Clark Beginning inventory Cost of goods available for sale Cost of goods sold
Required Information {The following information applies to the questions displayed below.) Lewis Incorporated and Clark Enterprises report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns Lewis $ 19,880 13,000 188,888 10,obe Clark $ 45,Bee 55.000 190,000 55,800 2. Calculate the inventory turnover ratio for each company Inventory Turnover Ratio Lewis times Clark times
Required Information {The following information applies to the questions olsplayed below.) Lewis Incorporated and Clark Enterprises report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns Lewis $ 19,800 13,000 188,000 10.000 Clark $ 45,000 55.000 190.000 55.000 3. Calculate the average days in Inventory for each company. (Round your Intermediate calculations to 1 decimal place.) Average Days in Inventory Lewis days Clark days
Required Information [The following information applies to the questions displayed below) Lewis Incorporated and Clark Enterprises report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns Lewis $ 19, Bee 12,086 188, 18.ege Clark $ 45,000 55 dee 1se, de 55,000 4. Which company appears to be managing its inventory more efficiently Lewis Incorporated Clark Enterprises