Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Green Corporation has ending inventory of $482,700, and cost of goods sold for the year just ended was $3,934,005 What is the inventory turnover?

image text in transcribed

The Green Corporation has ending inventory of $482,700, and cost of goods sold for the year just ended was $3,934,005 What is the inventory turnover? (Do not round intermediate calculations. 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. Do not round intermediate calculations. 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. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Days on shelf in inventory days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance And Sustainability

Authors: William Sun, Celine Louche, Roland Perez

1st Edition

1780520921, 978-1780520926

More Books

Students also viewed these Finance questions

Question

4.16 Verify the conditional distribution for Xt|Xt in Example 4.9.

Answered: 1 week ago

Question

Azure Analytics is a suite made up of which three tools?

Answered: 1 week ago