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Inventory Turnover and Days' Sales in Inventory Shown below are data from the Southern Corporation's accounting records: Year 1 Year 2 Sales Revenue 2 1
Inventory Turnover and Days' Sales in Inventory
Shown below are data from the Southern Corporation's accounting records:
Year Year Sales Revenue Cost of goods sold Beginning inventory Ending inventory
Calculate the company's a inventory turnover and b days' sales in inventory for both years.
Round your answers to two decimal points. HINT: Use your rounded answers for inventory turnover to calculate days' sales in inventory.
Year Year Inventory turnover Days' sales in inventory
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