The cost of goods sold computations for Ivanhoe Company and Concord Company are shown below.

Ivanhoe Company Concord Company

Beginning inventory. $41,000 $72,000

Cost of goods purchased 438,800. 175,500

Cost of goods available for sale. 479,800. 247,500

Ending inventory. 71,000. 70,000

Cost of goods sold $408,800 $177,500

Compute inventory turnover for each company.(Round answers to 2 decimal places, e.g. 15.25.)

Ivanhoe Company. Concord Company

Inventory turnover. 7.3. 2.5

QUESTION:

Compute days in inventory for each company.(Round answers to 0 decimal places, e.g. 1,250. Use 365 days for calculation.)

Ivanhoe Company Concord Company

Days in inventory. days days.