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

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