Question: Module 7 Problem Set eBook Show Me How Inventory Analysis ? A company reports the following: $321,930 Cost of goods sold Average inventory 71,540 Determine

Module 7 Problem Set eBook Show Me How Inventory Analysis ?

Module 7 Problem Set eBook Show Me How Inventory Analysis ? A company reports the following: $321,930 Cost of goods sold Average inventory 71,540 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 b. Number of days' sales in inventory days

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