Canoe Company
Flashy Life
Vests
2026
2025
2024°
2026
2025
2024
Year
Cost of goods sold
258,977
256,145
.....299,230
280,780
Merchandise Inventory
79,880
66,300 76,370
68,570
65,280
59,990
Inventory
turnover
Part-6
=
Cost of goods sold Average merchandise inventory
Now, compute the ratio for both companies for both years. (Round your answers to two decimal places,
X.XX.)
Ratio
Year
CC
Inventory turnover
2026
Inventory turnover
2025
O
FLV
