Question
A7X Corporation has ending inventory of $709,473 and cost of goods sold for the year just ended was $8,806,432. a. What is the inventory turnover?
A7X Corporation has ending inventory of $709,473 and cost of goods sold for the year just ended was $8,806,432.
a. What is the inventory turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What is the days sales in inventory? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
c. How long on average did a unit of inventory sit on the shelf before it was sold? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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