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

Question

Quizplus · Accepted Answer

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

The Following Data Were Taken from Castle, Inc Determine the Inventory Turnover Ratio and the Days' Sales in Cost