Richardson Auto Supplies reported the following income statement for the year ended December 31,2017.

Compute inventory turnover rate for the year.(Round to two decimal places. )
Compute days' sales in inventory for the year.(Round to two decimal places. )

Question

Richardson Auto Supplies reported the following income statement for the year ended December 31,2017.
  
Compute inventory turnover rate for the year.(Round to two decimal places. )
Compute days' sales in inventory for the year.(Round to two decimal places. )

Quizplus · Accepted Answer

The Answer of Richardson Auto Supplies reported the following income statement for the year ended December 31,2017.
  
Compute inventory turnover rate for the year.(Round to two decimal places. )
Compute days' sales in inventory for the year.(Round to two decimal places. )

Richardson Auto Supplies Reported the Following Income Statement for the Year