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9. The New Wave Jewelry Shop had the following financial data for the year ended December 31, 2018 Cock the icon to view the financial
9. The New Wave Jewelry Shop had the following financial data for the year ended December 31, 2018 Cock the icon to view the financial data) What are the inventory turnover and days' sales in inventory for the year? Data Table Compute New Wave Jewelry Shop's inventory tumover for the year Select the labels and enter the amounts to compute the inventory tumover (Round your answer to two decimal places, XXX) Cost of goods Average merchandise inventory Inventory turnover times Cost of Goods Sold Beginning Merchandise Inventory Ending Merchandise inventory 425.000 102,000 91000 Compute New Wave Jewety shop's days sales in inventory for the year Select the bes and enter the amounts to compute the days inventory for the year Enter any amounts in the formula XX Print Done 565 y umove Days'sale inventory Choose from any list or enter any number in the input fields and then continue to the next cuestion. L entory for both and 2, assuming that beginning inventory for the month of January was for your average inventory simply take ending inventory illate the inventory turnover and day sales in add to the divide by 2 A company reports inventory at a cost of $50.000. The current replacement value for the inventory is $42.500. Prepare the entry necessary
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