A company reports the following: Cost of goods sold $435,000Average inventory 72,500 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.
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Home » Business » A company reports the following: Cost of goods sold $435,000Average inventory 72,500 Determine (a) the inventory turnover and (b) the number of days' sales in inventory.