A company reports the following: Cost of goods sold . $465,000 Average inventory .... 71,500 Determine (a)

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A company reports the following:
Cost of goods sold . $465,000
Average inventory .... 71,500

Determine
(a) The inventory turnover and
(b) The number of days’ sales in inventory. Round to one decimal place.

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Jul 17, 2012 06:50 AM

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A company reports the following: Cost of goods sold . $465,000 Average inventory .... 71,500 Determine (a)

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a Inventory Turnover Cost of Goods SoldAverage Inventory Inven...View the full answer

Accounting

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