Smithson Electrical Fixtures reported the following income statement for the year ended December 31,2019.
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

Smithson Electrical Fixtures reported the following income statement for the year ended December 31,2019.
  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 Smithson Electrical Fixtures reported the following income statement for the year ended December 31,2019.
  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. )

Smithson Electrical Fixtures Reported the Following Income Statement for the Year