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Bell Company has provided the following figures as of December 31, Year 2: sales of $600,000, cost of goods sold of $320,000, net income of
Bell Company has provided the following figures as of December 31, Year 2: sales of $600,000, cost of goods sold of $320,000, net income of $120,000, and ending inventory of $64,000. Answer the following questions by entering your answer in the space provided: 1. Calculate Bell's inventory turnover (Sample Answer Format: 8) 2. Calculate Bell's average number of days to sell inventory (Sample Answer Format: 56)
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