The King Corporation has ending inventory of $485,100, and cost of goods sold for the...
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The King Corporation has ending inventory of $485,100, and cost of goods sold for the year just ended was $4,487,175. a. What is the inventory turnover? (Do not round Intermedlete calculotlons. Round your answer to 2 decimal places, e.g., 32.16.) b. What is the days' sales in inventory? (Use 365 days a year. Do not round Intermedlete coleulatlons. Round your answer to 2 declmal places, e.g., 32.16.) c. How long on average did a unit of inventory sit on the shelf before it was sold? (Use 365 days a year. Do not round Intermedlete calculatlons. Round your answer to 2 declmol places, e.g., 32.16.)
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