Question
The Cape Corporation has ending inventory of $483,167, and cost of goods sold for the year just ended was $4,285,131. What is the inventory turnover?
The Cape Corporation has ending inventory of $483,167, and cost of goods sold for the year just ended was $4,285,131. What is the inventory turnover? The day's sales in inventory? How long on average did a unit of inventory sit on the shelf before it was sold?
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Guardians Of Finance
Authors: James R. Barth, Gerard Caprio, Ross Levine
1st Edition
0262526840, 978-0262526845
