Question: Problem 3 - 4 Calculating Inventory Turnover [ LO 2 ] The Tomorrow Corporation has ending inventory of $ 4 8 0 , 9 4

Problem 3-4 Calculating Inventory Turnover [LO2]
The Tomorrow Corporation has ending inventory of $480,940, and cost of goods sold for the year just ended was $4,352,507.
a. What is the inventory turnover?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
b. What is the days' sales in inventory?
Note: Use 365 days a year. Do not round intermediate calculations and 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?
Note: Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
 Problem 3-4 Calculating Inventory Turnover [LO2] The Tomorrow Corporation has ending

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