Question
Problem 3-3 Asset Management Ratios (LG3-2) Tater and Pepper Corp. reported COGS for 2021 of $32 million. Tater and Pepper listed $6.5 million of inventory
Problem 3-3 Asset Management Ratios (LG3-2) Tater and Pepper Corp. reported COGS for 2021 of $32 million. Tater and Pepper listed $6.5 million of inventory on its balance sheet.
How many days did Tater and Peppers inventory stay on the premises? (Use 365 days a year. Round your answer to 2 decimal places.)
Days Sales Inventory ____ days
How many times per year did Tater and Peppers inventory turn over? (Round your answer to 2 decimal places.)
Inventory Turnover ____ times
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
