Endor Company begins the year with $50,000 of goods in inventory. At year-end, the amount in inventory has increased to $69,000. Cost of goods sold for the year is $500,000. Compute Endor's inventory turnover and days' sales in inventory. Assume that there are 365 days in the year. Choose Numerator: Choose Numerator: 1 1 1 1 1 Inventory Turnover Choose Denominator: Days' Sales in Inventory Choose Denominator: X X X Inventory Turnover Inventory Turnover times Days 365 365 = = Days' Sales in Inventory Days' sales in inventory days

Endor Company begins the year with $50,000 of goods in inventory. At year-end, the amount in inventory has increased to $69,000. Cost of goods sold for the year is $500,000. Compute Endor's inventory turnover and days' sales in inventory. Assume that there are 365 days in the year