Inventory analysis Obj. 3 A company reports the following: Cost of goods sold $500,000 Average inventory 62,500
Question:
Inventory analysis Obj. 3 A company reports the following:
Cost of goods sold $500,000 Average inventory 62,500 Determine
(a) the inventory turnover and
(b) the number of days’ sales in inventory. Round to one decimal place.
AppendixLO1
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Related Book For 
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones
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