Question
Bobaflex Corporation has ending inventory of $701,073 and cost of goods sold for the year just ended was $7,461,613. What is the inventory turnover? (Do
Bobaflex Corporation has ending inventory of $701,073 and cost of goods sold for the year just ended was $7,461,613. 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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