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CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 5 Answer saved Marked out of 4.00 Fag question Inventory Turnover and Days' Sales in Inventory The Western

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CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 5 Answer saved Marked out of 4.00 Fag question Inventory Turnover and Days' Sales in Inventory The Western States Corporation installed a new inventory management system at the beginning of 2012. Shown below are data from the company's accounting records as reported by the new system: 2012 2013 Sales Revenue 48,000,000 40,000,000 Cost of goods sold 28,000,000 28,900,000 Beginning inventory 16,500,000 16,530000 Ending inventory 16,530,000 20,600,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for 2012 and 2013 Round your answer to two decimal points 2012 2013 inventory turnover Days sales in inventory Save Answers Previous page Next page e88. 8

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