A company reports the following: Cost of goods sold ......$880,000 Average inventory ......110,000 Determine (a) The inventory

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A company reports the following:
Cost of goods sold ......$880,000
Average inventory ......110,000
Determine
(a) The inventory turnover and
(b) The number of days’ sales in inventory.
Round to one decimal place.

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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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Question Posted: May 07, 2012 07:34 AM

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A company reports the following: Cost of goods sold ......$880,000 Average inventory ......110,000 Determine (a) The inventory

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Financial Accounting

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