Question
Bobaflex Corporation has ending inventory of $688,473 and cost of goods sold for the year just ended was $4,956,431. What is the inventory turnover? (Do
Bobaflex Corporation has ending inventory of $688,473 and cost of goods sold for the year just ended was $4,956,431.
What is the inventory turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Inventory turnover times:
What is the days sales in inventory? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Days sales in inventory: ______ days
How long on average did a unit of inventory sit on the shelf before it was sold? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Days on the shelf: ______ days
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