Inventory management performance

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Reference no: EM131637513

Clays forging at canal Fulton wants to determine its inventory management performance during its past year of operations. Refer to the following information provided by the company: inventory on hand at beginning of the year = $273,000

Inventory on hand at end of the year =$290.000

Annual cost goods sold = $1,790.000

Average annual accounts receivable = $45,500

Annual credit sales = $102.000

Beginning of year accounts payable = 2227,500

End of year accounts payable = $316.200

Total annual purchases = $1575.00

Reference no: EM131637513

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