Q8

At the beginning of 2009, Percolate Corp. had inventory of $386,000. During the year, they purchased $210,000 worth of raw materials and sold $554,000 worth of inventory. Determine the inventory turnover ratio and the inventory days on hand ratio. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places Inventory Days on Hand = days Inventory Turnover =