The following data were taken from Bowman Inc.
$\begin{array}{lc}&{2014}\
\text { Cost of Merchandise Sold } &{\$ 894,000} \
\text { Inventory, end of year } & 78,000 \
\text { Inventory, beginning of the year } & 92,000
\end{array}$ Determine the inventory turnover ratio and the number of days' sales in inventory for Bowman Inc. Round to two decimal places.

Question

The following data were taken from Bowman Inc.
 $\begin{array}{lc}&{2014}\
\text { Cost of Merchandise Sold } &{\$ 894,000} \
\text { Inventory, end of year } & 78,000 \
\text { Inventory, beginning of the year } & 92,000
\end{array}$ Determine the inventory turnover ratio and the number of days' sales in inventory for Bowman Inc. Round to two decimal places.

Quizplus · Accepted Answer

The Answer of The following data were taken from Bowman Inc.
 $\begin{array}{lc}&{2014}\
\text { Cost of Merchandise Sold } &{\$ 894,000} \
\text { Inventory, end of year } & 78,000 \
\text { Inventory, beginning of the year } & 92,000
\end{array}$ Determine the inventory turnover ratio and the number of days' sales in inventory for Bowman Inc. Round to two decimal places.

The Following Data Were Taken from Bowman Inc Determine the Inventory Turnover Ratio and the Number of Days