Required:

Calculate inventory ratios using the data you have already calculated in parts $1$ and $2.$ Assume total Cost of Goods Sold was $$12,400$; beginning inventory balance was $0$ ; and ending inventory balance was $$1,200.$ Commas will automatically populate for numerical answers. Round ratio answers to two numerical places.

Calculate the Inventory Turnover Ratio.

$\backslash$table$[[1,$Inventory Tumover Ratio,$=,$Enter your input,$*,=,$Enter your input,$=,$Enter your input$],[2,$at your intale,,Enter your Input$]]$

Calculate the number of days of sales in inventory.

The industry average for the inventory turnover ratio is $19$ times. Your company is performing Worst or better than the industry.