Inventory Analysis A company reports the following: Cost of goods sold $468,660 Average inventory 78,110 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. a. Inventory turnover b. Number of days' sales in inventory days

Inventory Analysis A company reports the following: Cost of goods sold $468,660 Average inventory 78,110 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. a. Inventory turnover b. Number of days' sales in inventory days

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 5PEB: Inventory analysis A company reports the following: Determine (a) the inventory turnover and (b) the...

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Inventory analysis A company reports the following: Determine (a) the inventory turnover and (b) the number of days sales in inventory. Round to one decimal place.
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