Tater and Pepper Corp. reported sales for 2008 of $23 million. Tater and Pepper listed $5.6 million
Question:
Tater and Pepper Corp. reported sales for 2008 of $23 million. Tater and Pepper listed $5.6 million of inventory on its balance sheet. Calculate Tater and Pepper's 2008 EBIT. Using a 365 day year, how many days did Tater and Pepper's inventory stay on the premises? How many times per year did Tater and Pepper's inventory turnover?
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