Problem $4-15$ Inventory Turnover $($LO$3)$

$10$

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Assume a firm's inventory level of $$11,500$ represents $33$ days' sales.

Required:

a$.$ What is the annual cost of goods sold?

Note: Use $365$ days in a year. Do not round intermediate calculations. Round your answer to whole number.

b$.$ What is the inventory turnover ratio?

Note: Round your answer to $2$ decimal places.

$\backslash$table$[[$a$.$ Annual cost of goods sold,,$],[$b$.$ Inventory turnover ratio,,times per year$]]$