Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tater and Pepper Corp. reported COGS for 2021 of $26 million. Tater and Pepper listed $5.9 million of inventory on its balance sheet. How many

image text in transcribed

Tater and Pepper Corp. reported COGS for 2021 of $26 million. Tater and Pepper listed $5.9 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.) Answer is complete but not entirely correct. Days' sales in inventory 83.00 X days How many times per year did Tater and Pepper's inventory turn over? (Round your answer to 2 decimal places.) Answer is complete and correct. Inventory turnover 4.40 times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Accounting Tools for Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

5th edition

9780470418239, 470239808, 9780470239803, 470418230, 978-1118128169

Students also viewed these Finance questions