Answer:
6.896; 50.97
Explanation:
Average inventory = (Beginning inventory + Ending inventory) ÷ 2
= ($180,000 + $197,000) ÷ 2
= $188,500
Therefore,
Inventory Turnover ratio = (Cost of goods sold ÷ Average inventory)
= $1,300,000 ÷ $188,500
= 6.896
Days sales in inventory = 365 ÷ Inventory turnover ratio
Days sales in inventory= 365 ÷ 6.89
= 50.97
Choose something that you want to do for a very long time
D
price ceilings caused the collapse of venezuala
They need records to keep track of people, objects, things, and so on.
<span>the reason why taxes are paid to different levels of government in the united states is because Different levels of government supply different services.
In order for them to do these different services, they need financial backing to pay up their employee, which mostly acquired through our tax payments.</span>
