Inventory analysis OBJ. 2 A company reports the following: Cost of goods sold $435,000 Average inventory 72,500
Question:
Inventory analysis OBJ. 2 A company reports the following:
Cost of goods sold $435,000 Average inventory 72,500 Determine
(a) the inventory turnover and
(b) the number of days’ sales in inventory.
Round to one decimal place.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac
Question Posted: