Inventory Analysis
A company reports the following:
Cost of goods sold$435,000
Average...
Inventory Analysis
A company reports the following:
Cost of goods sold$435,000
Average inventory72,500
Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.
a. Inventory turnover
b. Number of days' sales in inventorydays
Answers: 3
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