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A7X Corporation has ending inventory of $715,773 and cost of goods sold for the year just ended was $9,505,462. a. What is the inventory turnover?
A7X Corporation has ending inventory of $715,773 and cost of goods sold for the year just ended was $9,505,462. a. What is the inventory turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the days' sales in inventory? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. How long on average did a unit of inventory sit on the shelf before it was sold? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) times a. Inventory turnover b. Days' sales in inventory C. Days on the shelf days days
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