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SCC Company reported the following for the current year: Net sales $ 60,000 Cost of goods sold 46, 500 Beginning balance in inventory 3, 200
SCC Company reported the following for the current year: Net sales $ 60,000 Cost of goods sold 46, 500 Beginning balance in inventory 3, 200 Ending balance in inventory 9, 200 Compute (a) inventory turnover and (b) days' sales in inventory. Hint. Inventory turnover uses avera 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: Denominator: Inventory Turnover Inventory turnover times < Prev. 36 of 41 Next >
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