Question: QUESTION 4 10 MARKS Data relating to Jaso Jerseys' cost of goods sold and inventory balances are as follows: 2018 2017 Cost of goods sold
QUESTION 4 10 MARKS Data relating to Jaso Jerseys' cost of goods sold and inventory balances are as follows: 2018 2017 Cost of goods sold $ 352,800 $ 377,500 $ 401,100 Ending Inventory 82,000 89,900 9 5,600 2016 The beginning inventory at January 1, 2016 was $92,200. Instructions Calculate the inventory turnover and the days sales in inventory for Jaso Jerseys for 2018 and 2017. (Round ratios to two decimal places)
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