SCC Company reported the following for the current year: $ 48,000 40,000 2,000 8,000 Net sales Cost of goods sold Beginning balance in inventory Ending balance in inventory Compute (a) inventory turnover and (b) days' sales in inventory. Hint. 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 Days Sales In Turnover Inventory Compute the inventory turnover. Numerator: 1 1 1 Inventory Turnover Denominator:

SCC Company reported the following for the current year: Compute (a) inventory turnover and (b) days' sales in inventory. Hint. 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. Compute the inventory turnover