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At December 31, 2019, the following information was available for Marigold Corp.: ending inventory $35,500, beginning inventory $64,000, cost of goods sold $262,000, and sales
At December 31, 2019, the following information was available for Marigold Corp.: ending inventory $35,500, beginning inventory $64,000, cost of goods sold $262,000, and sales revenue $377,000.
Calculate inventory turnover for Marigold Corp..(Round answer to 1 decimal place, e.g. 1.5.)
Calculate days in inventory for Marigold Corp..(Round answer to 1 decimal place, e.g. 1.5. Use 365 days for calculation.)
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