Question: Throughout 2019, a warehouse was storing inventory which on average was valued at $1,500,000. During that year, the Cost of Goods Sold was valued at

Throughout 2019, a warehouse was storing inventory which on average was valued at $1,500,000. During that year, the Cost of Goods Sold was valued at $8,000,000.

a) Calculate the Inventory Turns for 2019?

b) Assuming 365 in the year, what were the Days of Sales being carried?

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