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  3. determine for each year (1) the inventory turnover

Determine for each year (1) the inventory turnover and (2) the number of days' sales...

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Accounting

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.
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Sales Inventory Analysis The following data were extracted from the income statement of Kerver Inc.: Current Year Previous Year $1,182,600 $1,235,200 Beginning inventories 82,308 67,796 Cost of goods sold 591,300 686,200 Ending inventaries 24,508 82,308 - Determine for each year (1) the inventory turnover and (2) the number of days' sales in Inventory. Round interim calculations to the nearest dolor and the final answers to one decimal place. Assume 365 days a year Current Year Previous Year 1. Inventory tumover 2. Number of days' sales in inventory days b. The inventory position of the business has The inventory turnover has while the number of days' sales in inventory has days 1. Divide the cost of us so by verginery Average info tening toy Endre -2. 2. Die werventory by the really cold sorginning story Avengedalycost of 90005 Con the conch the conteved Net Check My Work All Sell Submit Anment for Gran

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