Question: SCC Co. reported the following for the current year: Net sales Cost of goods sold Beginning balance in inventory Anding balance in Inventory $56,000 $47,560

SCC Co. reported the following for the current year: Net sales Cost of goods sold Beginning balance in inventory Anding balance in Inventory $56,000 $47,560 $ 2,800 $ 8,800 Compute (a) Inventory turnover and (b) days' soles in Inventory. Hint Recall that inventory turnover uses average inventory, and days' sales in inventory uses the ending balance in inventory. Complete this question by entering your answers in the tabs below. Inventory Days Sales in Turnover Inventory Compute the inventory turnover. Inventory Tumover Choose Denominator: Choose Numerator 1 1 Inventory Turnover Inventory turnover times 1 try Tur Days Sales In Inventory > Ending balance in inventory $ 8,800 Compute (a) inventory turnover and (b) days' sales in inventory. Hint Recall that inventory turnover uses average sales in inventory uses the ending balance in inventory. Complete this question by entering your answers in the tabs below. Inventory Days Sales In Turnover Inventory Compute the days' sales in inventory. Days' Sales In Inventory I Choose Denominator: X Choose Numerator: Days = = Days' Sales In Inventory Days' sales in inventory days
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