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9. The Newsworthy Publishing Press had the following financial data for the year ended December 31, 2016: $ 479,000 Cost of Goods Sold Beginning Merchandise
9. The Newsworthy Publishing Press had the following financial data for the year ended December 31, 2016: $ 479,000 Cost of Goods Sold Beginning Merchandise Inventory 90,000 Ending Merchandise Inventory 112,000 What are the inventory turnover and days' sales in inventory for the year? Compute Newsworthy Publishing Press's inventory turnover for the year. Select the labels and enter the amounts to compute the inventory turnover. (Round your answer to two decimal places, X.XX.) Inventory turnover times
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