Question
Tater and Pepper Corp. reported sales for 2015 of $34 million. Tater and Pepper listed $6.7 million of inventory on its balance sheet. How many
Tater and Pepper Corp. reported sales for 2015 of $34 million. Tater and Pepper listed $6.7 million of inventory on its balance sheet.
| How many days did Tater and Peppers inventory stay on the premises? (Use 365 days a year. Round your answer to 2 decimal places.) |
| Days sales in inventory | ___________ days |
| How many times per year did Tater and Peppers inventory turn over? (Round your answer to 2 decimal places.) |
| Inventory turnover | ____________ times |
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Finance At 40 Financial Intelligence
Authors: MOIRA O'NEILL Moira O'Neill
1st Edition
1408101114, 978-1408101117
