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Compute the Average Days-in-Inventory for 2016: Sales Revenues for 2016=$900,000 COGSfor2016=$600,000COGSfor2015=$500,000 End Inventory for 2016=$70,000 End inventory for 2015=$30,000. Average Days-in-Inventory =365 / Inventory Turnover

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Compute the Average Days-in-Inventory for 2016: Sales Revenues for 2016=$900,000 COGSfor2016=$600,000COGSfor2015=$500,000 End Inventory for 2016=$70,000 End inventory for 2015=$30,000. Average Days-in-Inventory =365 / Inventory Turnover Ratio Inventory Turnover Ratio = COGS / Avg Inventory Balance Show your answer as a Number Only, no decimals or other symbols and round to the nearest Day

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