Average Inventory, Inventory Turnover Ratio, Inventory Turnover in Days Belt Company had net sales of $2,225,500,000 and cost of goods sold of $1,557,850,000. Belt had the following balances: 11eb8015_7ef3_6238_8ffe_c7c6686db78a_SM1597_00 Required: Note : Round answers to two decimal places. 1. Calculate the average inventory. 2. Calculate the inventory turnover ratio. 3. Calculate the inventory turnover in days.

Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger

النسخة 4الرقم المعياري الدولي: 978-0324380767

Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger

النسخة 4الرقم المعياري الدولي: 978-0324380767

تمرين 65

Average Inventory, Inventory Turnover Ratio, Inventory Turnover in Days
Belt Company had net sales of $2,225,500,000 and cost of goods sold of $1,557,850,000. Belt had the following balances:

Required:
Note : Round answers to two decimal places.
1. Calculate the average inventory.
2. Calculate the inventory turnover ratio.
3. Calculate the inventory turnover in days.

التوضيح

موثّق

Inventory turnover ratio indicates how m...