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Inventory Turnover and Days' Sales in Inventory W. Glass &Company reported the following information in its recent annual report: 2015 2016 Cost of goods sold
Inventory Turnover and Days' Sales in Inventory W. Glass &Company reported the following information in its recent annual report: 2015 2016 Cost of goods sold $4,000,000 $4,600,000 Beginning inventory 900,000 860,000 Ending inventory 860,000 640,000 Calculate the company's inventory turnover and days' sales in inventory for both years. Round answers to two decimal places. Use rounded answers for subsequent calculations. 2015 2016 Inventory turnover Days' sales in inventory
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