Inventory Turnover

Sidney began the year with $130,000 in merchandise inventory and ended the year with $190,000. Sales and cost of goods sold for the year were $900,000 and $640,000, respectively.

a. Compute Sidneys inventory turnover ratio. fill in the blank 1 times

b. Compute the number of days sales in inventory. Assume 360 days in a year. fill in the blank 2 days