SCC Company reported the following for the current year: Net sales $ 58,000 Cost of goods sold 50,160 Beginning balance in inventory 2,700 Ending balance in inventory 8,700 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 Turnover

Days Sales In Inventory

Compute the inventory turnover.

Inventory Turnover
Numerator:	/	Denominator:	=	Inventory Turnover
	/		=	Inventory turnover
	/		=		times