Question
Cannot figure out the formula to use to figure out this answer. Please assist. Early in 2022, Kingbird, Inc. switched to a just-in-time inventory system.
Cannot figure out the formula to use to figure out this answer. Please assist.
Early in 2022, Kingbird, Inc. switched to a just-in-time inventory system. Its sales and inventory amcunts for 2021 and 2022 are shown below. Sa Ies revenue Cost of goods sold Beginning inventory Ending inventory E290,ooo 160,000 240,000 240,000 100,000 Determine the inventory turncver for 2021 and 2022. (Round answers& I decimal place, e.g. 5.1.) 2021 nventonr turnuer 2022 Determine the days in inventory for 2021 and 2022. (Round answers to I decimal place e.g. 5.1.) Days in inventory
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