Question

You are provided with the following information about Gabarus Inc. (Gabarus):
Cost of sales for the year ended June 30, 2018..... $27,050,000
Inventory balance on June 30, 2017........ $ 6,900,000
Inventory balance on June 30, 2018........ $ 7,800,000

Required:
a. Calculate Gabarus’s inventory turnover ratio for the year ended June 30, 2018.
b. What is the average length of time it took Gabarus to sell its inventory in 2018?
c. Is Gabarus’s inventory turnover ratio satisfactory? What would you need to know to fully answer this question?



$1.99
Sales0
Views72
Comments0
  • CreatedFebruary 26, 2015
  • Files Included
Post your question
5000