SCC Company reported the following for the current year:   Net sales $ 48,000 Cost of goods sold 40,000 Beginning balance in inventory 2,000 Ending balance in inventory 8,000 Compute (a) inventory turnover and (b) days’ sales in inventory.  Compute the inventory turnover.         Inventory Turnover Numerator: / Denominator: = Inventory Turnover   /   = Inventory turnover   /   = 0 times Compute the days’ sales in inventory.         Days’ Sales In Inventory Numerator: / Denominator: × Days = Days’ Sales In Inventory   /   ×   = Days’ sales in inventory   /   ×   = 0 days

Inventory Analysis A company reports the following: Cost of goods sold $464,280 Average inventory 77,380 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a.  Inventory turnover fill in the blank 1 b.  Number of days' sales in inventory fill in the blank 2 days

Average Inventory, Inventory Turnover Ratio, Inventory Turnover in Days Belt Company had net sales of $1,891,675,000 and cost of goods sold of $1,869,420,000. Belt had the following balances: December 31 $315,000,000 Inventories Required: January 1 $385,250,000 Assume 365 days per year. 1. Calculate the average inventory. 2. Calculate the inventory turnover ratio, Round to two decimal places. times 3. Calculate the inventory turnover in days. Round to two decimal places. days

Selected financial information for Rooney Company for Year 4 follows: Sales Cost of goods sold Merchandise inventory Beginning of year End of year $ 1,800,000 1,260,000 Merchandise inventory turnover 158,000 190,000 Required Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4? Note: Round your answer to 2 decimal places. times

Calculate inventory turnover at cost (to nearest hundredth, format as 1.23 that's it, it's a ratio): Ending inventory           $25,000 Cost of goods sold        $43,000 Beginning inventory       $15,000 Net sales                      $55,800

Inventory Analysis The following data were extracted from the income statement of Keever Inc.:   Current Year Previous Year Sales $1,168,000   $1,222,000   Beginning inventories 84,800   75,984   Cost of goods sold 584,000   678,900   Ending inventories 76,800   84,800   a.  Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. Round interim calculations to the nearest dollar and the final answers to one decimal place. Assume 365 days a year.   Current Year Previous Year 1.  Inventory turnover fill in the blank 1   fill in the blank 2   2.  Number of days' sales in inventory fill in the blank 3 days fill in the blank 4 days

Inventory Analysis A company reports the following: Cost of goods sold $478,150 Average inventory 95,630 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a. Inventory turnover b. Number of days' sales in inventory days

Inventory Analysis A company reports the following: Cost of goods sold $800,445 Average inventory 94,170 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a 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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Inventory Analysis A company reports the following: Cost of merchandise sold $569,400 Average merchandise inventory 87,600 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a.  Inventory turnover fill in the blank 1 b.  Number of days' sales in inventory fill in the blank 2 days