The Following Data Were Taken from Bowman Inc

question 155

Essay

The following data were taken from Bowman Inc.
Determine the inventory turnover ratio and the number of days' sales in inventory for Bowman Inc. Round to two decimal places.
Inventory turnover = Cost of merchandise sold / Average inventory
Inventory turnover = 894,000 / ((78,000 + 92,000)/2)
Inventory turnover = 894,000 / 85,000
Inventory turnover = 10.52

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Manager

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Procedural Justice

The perceived fairness of the processes and methods used to make decisions and resolve disputes.

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A systematic approach involving the identification of a decision to be made, gathering information, assessing alternative resolutions, and choosing among them.

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