Based on the following information compute
(a)inventory turnover,
(b)average daily cost of merchandise sold,and
(c)days' sales in inventory for the current year.Use a 365-day year.
(d)If an inventory turnover of 12 is average for the industry,how is this company doing?

Question

Based on the following information compute 
(a)inventory turnover,
(b)average daily cost of merchandise sold,and 
(c)days' sales in inventory for the current year.Use a 365-day year.
(d)If an inventory turnover of 12 is average for the industry,how is this company doing?

Quizplus · Accepted Answer

The Answer of Based on the following information compute 
(a)inventory turnover,
(b)average daily cost of merchandise sold,and 
(c)days' sales in inventory for the current year.Use a 365-day year.
(d)If an inventory turnover of 12 is average for the industry,how is this company doing?

Based on the Following Information Compute