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The following are relevant inventory numbers from ABC Bistro for the 2021 fiscal year. InventoryFood & Beverages, March 31, 2020 $1,112 Inventory-Food & Beverages, April
The following are relevant inventory numbers from ABC Bistro for the 2021 fiscal year. InventoryFood & Beverages, March 31, 2020 $1,112 Inventory-Food & Beverages, April 1, 2021 $1,738 Cost of Sales $140,200 Relevant inventory numbers from XYZ Bistro for the 2021 fiscal year are shown below. Inventory-Food & Beverages, March 31, 2020 $2,283 Inventory-Food & Beverages, April 1, 2021 $2,018 Cost of Sales $146,200 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. a) Calculate the inventory turnover ratio and days' sales in inventory for ABC Bistro. Inventory Turnover Ratio = Days' Sales in Inventory = days b) Calculate the inventory turnover ratio and days' sales in inventory for XYZ Bistro. Inventory Turnover Ratio = Days' Sales in Inventory days
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