Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tater and Pepper Corp. reported COGS for 2 0 2 1 of $ 4 3 million. Tater and Pepper listed $ 7 . 6 million

Tater and Pepper Corp. reported COGS for 2021 of $43 million. Tater and Pepper listed $7.6 million of inventory on its balance sheet.
How many days did Tater and Pepper's inventory stay on the premises? (Use 365 days a year. Round your answer to 2 decimal places.)
\table[[Days' sales in inventory ,70.00,days]]
How many times per year did Tater and Pepper's inventory turn over? (Round your answer to 2 decimal places.)
Inventory turnover
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

American Public School Finance

Authors: William A. Owings, Leslie S. Kaplan

3rd Edition

113849996X, 978-1138499966

More Books

Students also viewed these Finance questions