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Oriole Inc. has sales of $4,900,000, a gross profit margin of 28.0 percent, and inventory of $900,000. What are the companys inventory turnover ratio and
Oriole Inc. has sales of $4,900,000, a gross profit margin of 28.0 percent, and inventory of $900,000. What are the companys inventory turnover ratio and days sales in inventory? (Round inventory turnover ratio to 3 decimal places, e.g. 12.555 and days' sales in inventory to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Inventory turnover ratio times Days sales in inventory days
Inventory turnover ratio | times | |
Days sales in inventory | days |
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