The following data were taken from Castle, Inc.
Cost of goods sold
$894,000
Inventory, end of year
78,000
Inventory, beginning of the year
92,000
Determine the inventory turnover ratio and the number of days' sales in inventory for Castle Inc. Round to two decimal places.

Question

The following data were taken from Castle, Inc.​
Cost of goods sold
$894,000
Inventory, end of year
78,000
Inventory, beginning of the year
92,000
Determine the inventory turnover ratio and the number of days' sales in inventory for Castle Inc. Round to two decimal places.

Quizplus · Accepted Answer

The Answer of The following data were taken from Castle, Inc.​
Cost of goods sold
$894,000
Inventory, end of year
78,000
Inventory, beginning of the year
92,000
Determine the inventory turnover ratio and the number of days' sales in inventory for Castle Inc. Round to two decimal places.

The Following Data Were Taken from Castle, Inc.​

The Following Data Were Taken from Castle, Inc.