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A company reports the following: Cost of goods sold $3,723,000 Average inventory 365,000 Determine the (a) inventory turnover, and (b) number of days' sales in
A company reports the following:
| Cost of goods sold | $3,723,000 | |
| Average inventory | 365,000 |
Determine the (a) inventory turnover, and (b) number of days' sales in inventory. Round your answers to one decimal place. Assume a 365-day year.
| a. Inventory turnover | fill in the blank 1 |
| b. Number of days' sales in inventory | fill in the blank 2 days |
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Determinants Of Internal Audit Effectiveness In Public Offices Internal Audit Effectiveness Determinants
Authors: Tarekegn Tariku
1st Edition
3659440787, 978-3659440786
