Question
A company reports the following: Cost of goods sold $788,035 Average inventory 92,710 Determine (a) the inventory turnover and (b) the number of days' sales
A company reports the following:
| Cost of goods sold | $788,035 |
| Average inventory | 92,710 |
Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a 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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SEO Competitor Audit Journal
Authors: Nelz Plummer
1st Edition
B09DDWJGRC, 979-8459748123
