Richardson Auto Supplies 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

Richardson Auto Supplies 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 Richardson Auto Supplies 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.)

Richardson Auto Supplies Reported the Following Income Statement for the Year