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The financial data for Sunland's Fresh Fruits Incorporated and Carla Vista's Supermarket Ltd. for the current year are as follows: Annual Cost of Goods Inventory
The financial data for Sunland's Fresh Fruits Incorporated and Carla Vista's Supermarket Ltd. for the current year are as follows: Annual Cost of Goods Inventory Inventory Sold Jan. 1 Dec. 31 Sunland's Fresh Fruits $10,735,500 $764,100 $667,300 Carla Vista's Supermarket 52,228.680 5,160.500 1,057,200 (a) Your answer is correct. Calculate the inventory turnover for each company. (Round answers to 1 decimal place, e.g. 18.4.) Sunland's Fresh Fruits Carla Vista's Supermarket Inventory turnover 15.0 times 16.80 times eTextbook and Media(b) Calculate the days to sell inventory ratio for each company. (Round answers to 1 decimal place, e.g. 18.4.) Sunland's Fresh Fruits Carla Vista's Supermarket Days to sell inventory ratio days days
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