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Take me to the text At the beginning of 2020, Ziphon Wholesale Corp. had inventory of $350,000. It ended the year with inventory of $246,000
Take me to the text At the beginning of 2020, Ziphon Wholesale Corp. had inventory of $350,000. It ended the year with inventory of $246,000 after purchasing $547,000 worth of inventory. The cost of goods sold totalled $684,000. Determine the inventory turnover ratio and the days' sales in inventory. Do not enter dollar signs or commas in the input boxes. For the inventory turnover ratio, round your answer to 2 decimal places. Inventory Turnover = 2.30 For the days' sales in inventory, round your answer to the nearest whole number. Days' Sales in Inventory = 131 days Check Note: The "check" button does not submit your attempt.To submit the attempt, go to the end of the quiz and click on the "submit all and finish" button
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