Question
SCC Company reported the following for the current year: Net sales $ 50,000 Cost of goods sold 41,600 Beginning balance in inventory 2,200 Ending
SCC Company reported the following for the current year: Net sales $ 50,000 Cost of goods sold 41,600 Beginning balance in inventory 2,200 Ending balance in inventory 8,200 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. Inventory Turnover Numerator: 1 Denominator: = Inventory Turnover = Inventory turnover times < Inventory Turnover Days Sales In Inventory > SCC Company reported the following for the current year: Net sales $ 50,000 Cost of goods sold 41,600 Beginning balance in inventory 2,200 Ending balance in inventory 8,200 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 days' sales in inventory. Days' Sales In Inventory. Numerator: I Denominator: = 1 x Days = Days' Sales In Inventory Days' sales in inventory days < Inventory Turnover Days Sales In Inventory >
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