A company reports the following:   Cost of goods sold $2,263,000   Average inventory 182,500 Determine the (a) inventory turnover, and (b) number of days' sales in inventory. Round your answers to one decimal place. Assume a 365-day year. a.  Inventory turnover fill in the blank 1 b.  Number of days' sales in inventory fill in the blank 2 days

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A: The objective of the question is to calculate the company's inventory turnover ratio. The inventory…

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A: The inventory turnover ratio indicates how many times the inventory was sold. It also indicates the…

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A: The correct answer is Option (B).

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A: Inventory turnover ratio computes the number of days the company will take to sell the inventory in…

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A: Solution:- Inventory Turnover ratio computes the pace at which the inventory is being used.

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Q: inventory

A: Introduction: Ending inventory for a company generally indicates the balance goods which are…

Q: Based on the following data for the current year, what is the number of days' sales in inventory?…

A: Days sales in inventory = 365/(cost of goods sold/Average inventory)  Average inventory = (Opening…

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A: Inventory Turnover Ratio: Inventory turnover refers to the pace at which inventory stock is sold,…

Q: PROBLE The Cape Corporation has ending inventory of $483,167, and cost of goods sold for the year…

A: Inventory turnover is 8.87, which means The Cape Corporation sells its inventory and replaces it…

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A: Turnover rate is the one which is determined by the entity to know the efficiency of something…

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A: Formula used: Inventory turnover ratio = Cost of goods sold / Average Inventory

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A: The inventory turnover ratio is calculated as cost of goods sold divided by average inventory.

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A: Given:   Cost of goods sold = $6,571,459 Ending inventory = $572,344

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A: Inventory turnover = Annual salesAverage inventory

Q: A. What is the monthly inventory turnover ratio for each of the twelve months for 2013? Round your…

A:

Q: Using the amounts below, calculate the inventory turnover ratio, average days in inventory, and…

A: Inventory turnover ratio = Cost of goods sold / Average Inventory

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A: Lets understand the basics. Inventory turnover ratio is a ratio which indicates how many time…

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A: Operating cycle = DIO+DSOwhereDIO = days inventory outstandingDSO = days sales outstanding

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A:

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