Saved Help Save & Exit Endor Company begins the year with $110,000 of goods in inventory. At year-end, the amount in inventory has increased to $126,000. Cost of goods sold for the year is $1,200,000. Compute Endor's inventory turnover and days' sales in inventory. Assume that there are 365 days in the year. Inventory Turnover Choose Numerator: Choose Denominator: - Inventory Turnover Cost of goods sold ! Average inventory = Inventory Turnover $ 1,200,000 1 S 110,000 = 10.91 times Days' Sales in Inventory Choose Numerator: Choose Denominator: X Days - Days' Sales in Inventory Average inventory 11 Cost of goods sold Days' sales in inventory 0 days Prev 2 of 11 tl Next Search