q4

Solve for the missing information designated by *7* in the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place.) Case Inventory Turnover Ratio Days to Sell a Beginning Inventory $ 100 $ 200 Cost of Goods Purchases Ending Sold Inventory $ 700 $ 500 $ 1,200 S 1,000 $ 150 b. 6.0 36,5