Miller & Miller Company recorded sales, cost of goods sold, and ending inventory for the cur-rent year

Question:

Miller & Miller Company recorded sales, cost of goods sold, and for the cur-rent 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 =...