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Tigongzhe Company is a Chinese supplier of smartphone camera parts to manufacturing companies in China that assemble smartphones. Last year it had cost of goods
Tigongzhe Company is a Chinese supplier of smartphone camera parts to manufacturing companies in China that assemble smartphones. Last year it had cost of goods sold of $62.7 million and the following average value of production materials and parts, work-inprocess, and finished goods inventory: Production materials and parts $1,179,000 Work-in-process 6,730,000 Finished goods 4,329,000 Determine the company's inventory turns and days of supply being held in inventory. (Round answers to 1 decimal place, e.g. 52.2. Use 365 days for calculation.) Inventory turns Days of supply
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