The following are relevant inventory numbers from ABC Bistro for the 2021 fiscal year. Inventory-Food &...

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The following are relevant inventory numbers from ABC Bistro for the 2021 fiscal year. Inventory-Food & Beverages, March 31, 2020 $1,177 Inventory-Food & Beverages, April 1, 2021 $1,664 $146,200 Cost of Sales Relevant inventory numbers from XYZ Bistro for the 2021 fiscal year are shown below. Inventory-Food & Beverages, March 31, 2020 $2,120 Inventory-Food & Beverages, April 1, 2021 $2,058 Cost of Sales $145,100 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places a) Calculate the inventory turnover ratio and days' sales in inventory for ABC Bistro. Inventory Turnover Ratio = Days' Sales in Inventory = days b) Calculate the inventory turnover ratio and days' sales in inventory for XYZ Bistro. Inventory Turnover Ratio = Days' Sales in Inventory = days Check The following are relevant inventory numbers from ABC Bistro for the 2021 fiscal year. Inventory-Food & Beverages, March 31, 2020 $1,177 Inventory-Food & Beverages, April 1, 2021 $1,664 $146,200 Cost of Sales Relevant inventory numbers from XYZ Bistro for the 2021 fiscal year are shown below. Inventory-Food & Beverages, March 31, 2020 $2,120 Inventory-Food & Beverages, April 1, 2021 $2,058 Cost of Sales $145,100 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places a) Calculate the inventory turnover ratio and days' sales in inventory for ABC Bistro. Inventory Turnover Ratio = Days' Sales in Inventory = days b) Calculate the inventory turnover ratio and days' sales in inventory for XYZ Bistro. Inventory Turnover Ratio = Days' Sales in Inventory = days Check

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Answer iThe formula for inventory turnover ratio Cost of goods Average invent... View the full answer