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SCC Co. reported the following for the current year. Net Sales Cost of goods sold Beginning balance in inventory Ending balance in inventory $58,000 $50, 160 $ 2,700 $ 8,700 Compute (a) inventory turnover and (b) days' sales in inventory. Hint Recall that inventory turnover uses average inventory, and da sales in inventory uses the ending balance in inventory. Complete this question by entering your answers in the tabs below. Inventory Turnover Days Sales In Inventory Compute the inventory turnover. Inventory Turnover 1 Choose Denominator: Choose Numerator: - Inventory Turnover Inventory turnover o times Days Sales In Inventory > Help Sa Ending balance in inventory $ 8,700 Compute (a) inventory turnover and (b) days' sales in inventory. Hint Recall that inventory turnover uses average inventory, and days' sales in inventory uses the ending balance in inventory Complete this question by entering your answers in the tabs below. Inventory Turnover Days Sales In Inventory Compute the inventory turnover. Choose Numerator: Inventory Turnover I Choose Denominator: Inventory Turnover Inventory turnover O times Days Sales In Inventory > Average inventory Cost of goods sold Ending inventory Net sales SCC Co. reported the following for the current year. Net sales Cost of goods sold Beginning balance in inventory Ending balance in inventory $58,000 $50, 160 $ 2,700 $ 8.700 Compute (a) inventory turnover and (b) days' sales in inventory. Hint Recall that inventory turnover uses average inventory, and days' sales in inventory uses the ending balance in inventory. Complete this question by entering your answers in the tabs below. Inventory Turnover Days Sales In Inventory Compute the days' sales in inventory. Choose Numerator: Days' Sales In Inventory Choose Denominator X Days - Days' Sales In Inventory = Days' sales in inventory 0 days

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