The Cape Corporation has ending inventory of $483,167, and cost of goods sold for the year just

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The Cape Corporation has ending inventory of $483,167, and cost of goods sold for the year just ended was $4,285,131.

1. What is the inventory turnover?

2. What are the days’ sales in inventory?

3. How long on average did a unit of inventory sits on the shelf before it was sold?

Related Book For answer-question

Fundamentals of corporate finance

ISBN: 978-0078034633

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Jun 29, 2018 11:30 AM

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The Cape Corporation has ending inventory of $483,167, and cost of goods sold for the year just

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Fundamentals of corporate finance

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