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The following information is available for Miguel Company at December 31, 2017: beginning inventory $160,000; ending inventory $240,000; cost of goods sold $1,300,000; and sales

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The following information is available for Miguel Company at December 31, 2017: beginning inventory $160,000; ending inventory $240,000; cost of goods sold $1,300,000; and sales $1,800,000. Miguel's inventory turnover in 2017 is a. 4.38 times. b.5.25 times. c. 6.50 times. d. 9 times. The following information was available for Pietee Company at December 31, 2017: beginning inventory $90,000; ending inventory $50,000; cost of goods sold $968,000; and sales $1,360,000. Pietee's days in inventory in 2017 was a 21.5 days. b. 26.4 days. c. 30.2 days. d. 33.8 days

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