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Roberts and Company reported sales for 2021 of $1,000,000. Roberts and Company listed $150,000 of inventory on its balance sheet. Using a 365-day year, how
Roberts and Company reported sales for 2021 of $1,000,000. Roberts and Company listed $150,000 of inventory on its balance sheet. Using a 365-day year, how many days did Roberts and Company's inventory stay on the premises?
1000000 365
= 6.66 - = 54.8
150000 6.66
11. Given the same information in #9, how many times per year did Roberts and Company inventory turnover?
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