Problem $3-4$ Calculating Inventory Turnover $($LO$3)$

The Morden Corporation has ending inventory of $$483,167,$ and cost of goods sold for the year just ended was $$4,285,131.$

What is the inventory turnover? $($Round the final answer to $2$ decimal places.$)$

Inventory turnover $,$ times

What is the days' sales in inventory? $($Use $365$ days a year. Do not round intermediate calculations. Round the final answer to $2$

decimal places.$)$

Days' sales in inventory

How long on average did a unit of inventory sit on the shelf before it was sold? $($Use $365$ days a year. Round the final answer to $2$

decimal places.$)$The Red Sun Corporation has ending inventory of $$250,000,$ and cost of goods sold for the year just ended was $$800,000.$ Days Sales in Inventory is $68\mathrm{.}4159\mathrm{.}791\mathrm{.}3193\mathrm{.}9114\mathrm{.}1$