Question: eBook Show Me How Question Content Area Inventory Analysis A company reports the following: Cost of goods sold $376,680 Average inventory 94,170 Determine (a) the

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Inventory Analysis

A company reports the following:

Cost of goods sold	$376,680
Average inventory	94,170

Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.

a. Inventory turnover	fill in the blank 1
b. Number of days' sales in inventory	fill in the blank 2 days

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