Tater and Pepper Corp. reported sales for 2015 of $23 million. Tater and Pepper listed $5.6 million
Question:
Tater and Pepper Corp. reported sales for 2015 of $23 million. Tater and Pepper listed $5.6 million of inventory on its balance sheet. 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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Related Book For 
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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