Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company reports the following: cost of good

A company reports the following: Cost of goods sold $5,197,600...

90.2K

Verified Solution

Question

Accounting

A company reports the following:

Cost of goods sold $5,197,600
Average inventory $292,000

Round your answers to one decimal place.

a. Determine the inventory turnover.

b. Determine the number of days' sales in inventory.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A sinusoidal function has an amplitude of 4 units, a period of 180, and a...

Calculus
Q

Fill in the blanks below wit a John s house is about b The can...

Basic Math
Q

Why is this an example of spurious correlation? How do you know? Do not use the...

Basic Math
Q

umber of ientation of chromosomes at metaphase I results in an increase in the sex...

Biology
Q

1 2 3 4 5 T F There are 5 people that play on a...

Biology
Q

2 1 point Which graph represents a relation that is NOT a function a C...

Basic Math
Q

Please solve the following equation 11 8 3m 7 D

Calculus
Q

Find a polynomial of least possible degree having the graph shown 4 74 50 0...

Algebra
Q

Below are the instructions, I have attatched the screenshots of what needs to be filled...

Accounting
Q

At the end of August there was $180,000 in inventory. At the end of September...

Accounting
Q

need help ASAP Lamar's Fortune 100 Company...

Accounting
Q

Sales at 1000 units ? refer image

Accounting