A company reports the following:
Cost of goods sold....................$610,000
Average inventory.....................80,000?
Determine the (a) inventory turnover and (b) number of days' sales in inventory. Round your answers to one decimal place.

Question

A company reports the following:
Cost of goods sold....................$610,000
Average inventory.....................80,000?
Determine the  (a) inventory turnover and  (b) number of days' sales in inventory. Round your answers to one decimal place.

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The Answer of A company reports the following:
Cost of goods sold....................$610,000
Average inventory.....................80,000?
Determine the  (a) inventory turnover and  (b) number of days' sales in inventory. Round your answers to one decimal place.

A Company Reports the Following