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need all the answer Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow:
need all the answer
Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: 2017 2046 Cost of goods sold $3,766,800 $3,888,345 Inventories: Beginning of year 751,900 715,400 End of year 817,600 751,900 Required a. Determine the inventory turnover for 2017 and 20Y6. Round to one decimal place. 2017 Inventory turnover b. Determine the number of days' sales in inventory for 2017 and 2016. Use 365 days and round to one decimal place. 2017 2016 Number of days sales in Inventory 3,180 X days days c. Are the changes in inventory turnover and the number of days' sales in inventory from 2076 to 2077 favorabile or unfavorable? 20461 a. The inventory turnover ratio indicates how many times a company has sold and replaced inventory during a period. The inventory turnover ratio is calculated Check My Work Previous Step by Step Solution
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