BicycleBro is a retailer that sells bicycles. The company had been operating for 30 days (1 month). By the end of 1 month it wants to measure its performance in terms of Inventory turnover and Days of inventory. Below is the information that the company has collected from its warehouse and accounting department.

Stock Count Sheet

Item code	Stock on hand	Stock count week (week number when employees counted the stock on hand)
100	30	week1
200	10	week1
100	10	week3
200	20	week3

Inventory valuation

Item code	Value per unit (in $)
100	1000
200	2000

Bicycles sold by end of month

Item code	Units sold
100	5
200	10

Given the information above find

What is the total inventory turnover rate for given period? Answer below

What is the total Inventory Days of Sales for given period? Answer below

Answer rating: 100% (QA)

To calculate the total inventory turnover rate and the total Inventory Days of Sales for the given p... View the full answer