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6 Cards in this Set
- Front
- Back
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Inventory Turnover
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Cost of Goods Sold
________________ Avg. Inventory |
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Average Inventory
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(Beginning Inventory + Ending Inventory)
_____________________________ 2 |
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Day's Sales in Inventory
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EI
____ * 365 COGS |
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Retail Method
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CAGS (retail) - CGS (retail =Net Sales) = Ending Inventory
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Gross Profit Method
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CGS= Net Sales * CGS rate
EI= CGAS-CGS |
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Day's Sales Uncollected
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(AR / Net sales) *365
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