The cost of goods sold computations for target company and

Question

Question - The cost of goods sold computations for Target Company and Caesar Company are shown below.

Target Company Caesar Company

Beginning inventory $ 47,540 $ 71,200

Cost of goods purchased 190,630 293,400

Cost of goods available for sale 238,170 364,600

Ending inventory 56,520 73,310

Cost of goods sold $181,650 $291,290

(a) Compute inventory turnover for each company.