Hello,

Could you please check my answers before I submit the assignment?

Thanks,

TA

The King Corporation has ending inventory of $468,200, and cost of goods sold for the yearjust ended was $3,815,830. a. What is the inventory turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places, 12.9., 32.16.) b. What is the days' sales in inventory? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) c. How long on average did a unit of inventory sit on the shelf before it was sold? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Inventory turnover 8.15 times Days' sales in inventory a Days on shelf in inventory