Solve for the missing information designated by “?” in the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place.)

Solve for the missing information designated by “?” in the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place.)

Name: M7-18 Calculating the Inventory Turnover Ratio and Days to Sell [LO 7-
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Description: M7-18 Calculating the Inventory Turnover Ratio and Days to Sell [LO 7-5]Solve for the missing information designated by “?” in the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter6: Receivables And Inventories

Section: Chapter Questions

Problem 6.19E: Inventory on the balance sheet Based on thy data in Exercise 6-18 and assuming that cost was...

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M7-18 Calculating the Inventory Turnover Ratio and Days to Sell [LO 7-5]

Solve for the missing information designated by “?” in the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place.)

Inventory
Turnover Ratio
Case
BI
Purchases
CGS
El
Days to Sell
a.
300
1,200
1,200
300
4.0
91.3
b.
290
2,000
10.0
36.5
C.
150
1,800
50
18.0
20.3

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