Inventory Analysis A company reports the following: Cost of goods sold Average inventory Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. $256,960 64,240 a. Inventory turnover b. Number of days' sales in inventory days

Inventory Analysis A company reports the following: Cost of goods sold Average inventory Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. $256,960 64,240 a. Inventory turnover b. Number of days' sales in inventory days

Name: 3 Inventory AnalysisA company reports the following:Cost of goods sold
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Description: 3 Inventory AnalysisA company reports the following:Cost of goods soldAverage inventoryDetermine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interimcalculations to the nearest dollar and final answers to one decim

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 11E

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