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100 SCC Company reported the following for the current year. Net sales Cost of goods sold i Beginning balance in inventory $ 58,000 51,600
100 SCC Company reported the following for the current year. Net sales Cost of goods sold i Beginning balance in inventory $ 58,000 51,600 3,000 Ending balance in inventory 9,000 Compute (a) inventory turnover and (b) days' sales in inventory. Hint Inventory turnover uses average inventory and days' sales in inventory uses the ending balance in inventory. Complete this question by entering your answers in the tabs below. Inventory Turnover Days Sales In Inventory Compute the inventory turnover. Numerator: Inventory Turnover Denominator: Inventory Turnover Inventory turnover times Days Sales in Inventory >
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