Anderson Plumbing Fixtures 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

Anderson Plumbing Fixtures 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 Anderson Plumbing Fixtures 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.)

Anderson Plumbing Fixtures Reported the Following Income Statement for the Year