Question
Assume a firm's inventory level of $14,500 represents 39 days' sales. Required: a. What is the annual cost of goods sold? (Use 365 days in
Assume a firm's inventory level of $14,500 represents 39 days' sales.
Required:
a.What is the annual cost of goods sold?(Use 365 days in a year. Do not round intermediate calculations. Round your answer to whole number.)
b.What is the inventory turnover ratio?(Round your answer to 2 decimal places.)
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Succeeding in Business with Microsoft Excel 2013 A Problem Solving Approach
Authors: Debra Gross, Frank Akaiwa, Karleen Nordquist
1st edition
978-1285099149, 9781285963969, 1285099141, 1285963962, 978-1285715346
