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At December 31, 2015, the following information was available for Deen Company: ending inventory $22,600; beginning inventory $21,400; cost of goods sold $171,000; and sales
At December 31, 2015, the following information was available for Deen Company: ending inventory $22,600; beginning inventory $21,400; cost of goods sold $171,000; and sales revenue $430,000.
Calculate the inventory turnover and days in inventory for Deen.(Use 365 days for calculation. Round answers to 1 decimal places, e.g. 15.2.)
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