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View Policies Current Attempt in Progress Oriole Company had sales of $2,410,000, cost of goods sold of $1,128,800, and profit of $490,000 in 2021.
View Policies Current Attempt in Progress Oriole Company had sales of $2,410,000, cost of goods sold of $1,128,800, and profit of $490,000 in 2021. The company had a January 1, 2021, inventory balance of $132,000 and a December 31, 2021, inventory balance of $140,000. Calculate the inventory turnover and days sales in inventory ratios for 2021. (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.) Inventory turnover Days sales in inventory 28 times days
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