Compute the Average Days-in-Inventory for 2015; Sales Revenues for 2015 = $600,000 COGS for 2015...
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Compute the Average Days-in-Inventory for 2015; Sales Revenues for 2015 = $600,000 COGS for 2015 = $500,000 COGS for 2014 = $400,000 End Inventory for 2015 = $110,000 End inventory for 2014 = $50,000. Average Days-in-Inventory = 365 / Inventory Turnover Ratio Inventory Turnover Ratio = COGS / Avg Inventory Balance Show your answer as a Number Only, no decimals or other symbols and round to the nearest Day. Income Before Taxes - Income Tax Expense = ??? Enter your Answer as 2 words, with one space between the words, spell correctly, use all small case letters, no capitals. Income Before Taxes - Income Tax Expense = ??? Enter your Answer as 2 words, with one space between the words, spell correctly, use all small case letters, no capitals
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