Based on the following information, compute (a) inventory turnover; (b) average daily cost of goods sold using a 365 day year; and (c) number of days' sales in inventory.

Cost of goods sold $195,640
Inventory:
Beginning of year 20,500
End of year 18,628

Question

Based on the following information, compute (a) inventory turnover; (b) average daily cost of goods sold using a 365 day year; and (c) number of days' sales in inventory.
​
Cost of goods sold $195,640
Inventory:
Beginning of year 20,500
End of year 18,628

Quizplus · Accepted Answer

The Answer of Based on the following information, compute (a) inventory turnover; (b) average daily cost of goods sold using a 365 day year; and (c) number of days' sales in inventory.
​
Cost of goods sold $195,640
Inventory:
Beginning of year 20,500
End of year 18,628

Based on the Following Information, Compute (A) Inventory Turnover; (B)