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Problem 3-3 Asset Management Ratios (LG2) Tater and Pepper Corp. reported sales for 2012 of $23 million. Tater and Pepper listed $5.6 million of inventory
Problem 3-3 Asset Management Ratios (LG2) Tater and Pepper Corp. reported sales for 2012 of $23 million. Tater and Pepper listed $5.6 million of inventory on its balance sheet. How many days did Tater and Pepper's inventory stay on the premises? (Use 365 days a year. Round your answer to 2 decimal places.) Days' sales in inventory days How many times per year did Tater and Pepper's inventory turn over? (Round your answer to 2 decimal places.) Inventory turnover times
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