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The Cape Corporation has ending inventory of $484,965, and cost of goods sold for the year just ended was $4,170,699. What is the inventory turnover?
The Cape Corporation has ending inventory of $484,965, and cost of goods sold for the year just ended was $4,170,699. |
What is the inventory turnover? (Round your answer to 2 decimal places. (e.g., 32.16)) |
Inventory turnover | times |
What is the days' sales in inventory? (Use 365 days a year. Round your answer to 2 decimal places. (e.g., 32.16)) |
Days' sales in inventory | days |
How long on average did a unit of inventory sit on the shelf before it was sold? (Use 365 days a year. Round your answer to 2 decimal places. (e.g., 32.16)) |
Inventory days on shelf | days |
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