Question: 7 SCC Co. reported the following for the current year: 8.75 points 02:41:58 eBook Net sales Cost of goods sold $73,000 $58,500 Beginning balance

7 SCC Co. reported the following for the current year: 8.75 points 02:41:58 eBook Net sales Cost of goods sold $73,000 $58,500 Beginning balance in inventory $ 3,500 $ 9,500 Ending balance in inventory Compute (a) Inventory turnover and (b) days' sales in Inventory. Hint Recall that Inventory turnover uses average Inventory, and days' sales in Inventory uses the ending balance In Inventory. Complete this question by entering your answers in the tabs below. References Inventory Turnover Days Sales In Inventory Compute the inventory turnover. Inventory Turnover Choose Numerator: Choose Denominator. = I Inventory Turnover Inventory turnover 1 = times < Inventory Turnover Days Sales In Inventory >
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