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At the beginning of 2019, Acatela Corp. had inventory of $351,000. The ended the year with inventory of $241,000 after purchasing $544,000 worth of inventory.
At the beginning of 2019, Acatela Corp. had inventory of $351,000. The ended the year with inventory of $241,000 after purchasing $544,000 worth of inventory. The cost of goods sold totalled $677,000. Determine the inventory turnover ratio and the days' sales in inventory.
Do not enter dollar signs or commas in the input boxes. For the inventory turnover ratio, round your answer to 2 decimal places. Inventory Turnover = For the days' sales in inventory, round your answer to the nearest whole number. Days' Sales in Inventory =
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