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SCC Co. reported the following for the current year: Net sales Cost of goods sold Beginning balance in inventory Ending balance in inventory $78,000 $64,400

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SCC Co. reported the following for the current year: Net sales Cost of goods sold Beginning balance in inventory Ending balance in inventory $78,000 $64,400 $ 4,000 $10,000 Compute (a) inventory turnover and (b) days' sales in inventory. Hint Recall that inventory turnover uses average inventory, and days' sales in Inventory uses the ending balance in inventory. Complete this question by entering your answers in the tabs below. Inventory Turnover Days Sales in Inventory Compute the inventory turnover, Inventory Turnover Choose Denominator: Choose Numerator: = Inventory Turnover Inventory turnover times 1 Inventory Time Days Sales In Inventory ITALE HEAD Help Seda Suons O SCC Corted the flowing for the current year 25 ta Cort of pood Desi i istory Indietry 18.000 36.00 . 35.00 2 Compre inventory umover and an inventory recall that inventory now avage Inventory.ondays salesin tary the ending an inventory Complete this question by entering your answers in the tabs below tietyn Tum Competitory 5 N Om

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