Inventory analysis OBJ. 2 A company reports the following: Cost of goods sold $630,000 Average inventory 90,000

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Inventory analysis OBJ. 2 A company reports the following:

Cost of goods sold $630,000 Average inventory 90,000 Determine

(a) the inventory turnover and

(b) the number of days’ sales in inventory.

Round to one decimal place.

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Financial And Managerial Accounting

ISBN: 9781305267831,9781305267848

13th Edition

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

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