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Use the following information for MSK, Inc. to compute the inventory turnover for 2021. Round your final answer to the near 2 decimal places
Use the following information for MSK, Inc. to compute the inventory turnover for 2021. Round your final answer to the near 2 decimal places (i.e. 1.196 would be 1.20) Account Balances Net sales 2021 2020 $558,000 $475,600 Cost of goods sold 381,000 321,000 Ending inventory 87,400 82,080 Question 3. How many days would the days' sales in inventory equals if FCC Company had the following values, (use 365 days a year and round answer to 1 decimal place, i.e. 56.97 would be 57.0 days.): Cost of goods sold of $431 thousand Ending inventory of $64 thousand Beginning Inventory of $53 thousand 3 pts
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