Question Content Area

Based on the following information, what is the $(1)$ inventory turnover, $(2)$ average daily cost of goods sold using a $365-$day year, and $(3)$ days$$ sales in inventory?

Line Item DescriptionAmountAmountCost of goods sold$$195,640$Inventory:$$Beginning of year$20,500$End of year$18,628$

a$.(1)9\mathrm{.}5$ times

$(2)$ $$543\mathrm{.}44$

$(3)37\mathrm{.}7$ days

b$.(1)10\mathrm{.}5$ times

$(2)$ $$536$

$(3)34\mathrm{.}8$ days

c$.(1)10\mathrm{.}0$ times

$(2)$ $$536$

$(3)36\mathrm{.}5$ days

d$.(1)9\mathrm{.}9$ times

$(2)$ $$543\mathrm{.}44$

$(3)36\mathrm{.}3$ days