Question
Inventory Analysis A company reports the following: Cost of goods sold $580,350 Average inventory 77,380 Determine (a) the inventory turnover and (b) the number of
Inventory Analysis
A company reports the following:
| Cost of goods sold | $580,350 |
| Average inventory | 77,380 |
Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.
| a. Inventory turnover | ||
| b. Number of days' sales in inventory | days |
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Preliminary Audit Results Montanas State Employee Compensation 1990
Authors: Waters Consulting Group, Montana. State Employee Compensation Committee
1st Edition
1378152700, 978-1378152706
