Question
1. Bobaflex Corporation has ending inventory of:$546,942 Cost of goods sold for the year just ended was:$8,175,102 (Do not round intermediate calculations and enter your
1. Bobaflex Corporation has ending inventory of:$546,942
Cost of goods sold for the year just ended was:$8,175,102
(Do not round intermediate calculations and enter your answers rounded to 2 decimal places, e.g., 32.16.)
What is the inventory turnover? _________ times
The days' sales in inventory? __________ days
2. For the past year, Coach, Inc., had a cost of goods sold of: $93,048
At the end of the year, the accounts payable balance was: $22,965
(Do not round intermediate calculations and enter your answers rounded to 2 decimal places, e.g., 32.16.)
How long on average in days did it take the company to pay off its suppliers during the year?
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