Alamo Company has sales, cost of goods sold, and average ending inventory for the current year in

Question:

Alamo Company has sales, cost of goods sold, and average for the current year in the following amounts: $650,000, $500,000, and $128,000, respectively. Calculate the amount of the company's inventory turnover for the year. What is the company's average number of days to sell inventory?
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...