A company reports the following amounts for 2018: Inventory (beginning) $ 17,000 Inventory (ending) 30,000...
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Accounting
A company reports the following amounts for 2018: Inventory (beginning) $ 17,000 Inventory (ending) 30,000 Purchases 160,000 Purchase returns 11,000 Calculate cost of goods sold, the inventory turnover ratio, and the average days in inventory for 2018. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.)
Cost of goods sold:
Inventory turnover ratio:
AVerage days in inventory:
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