A company reports the following:
Cost of goods sold: $610,000
Average inventory: 80,000
Determine:
(a) inventory turnover
(b) number of days' sales in inventory.
Round your answer to one decimal place.

Question

A company reports the following: 
Cost of goods sold: $610,000 
Average inventory: 80,000 
Determine:
(a) inventory turnover
(b) number of days' sales in inventory.   
Round your answer to one decimal place.

Quizplus · Accepted Answer

The Answer of A company reports the following: 
Cost of goods sold: $610,000 
Average inventory: 80,000 
Determine:
(a) inventory turnover
(b) number of days' sales in inventory.   
Round your answer to one decimal place.

A Company Reports the Following