I just need the Number of days' sales in inventory. Thank you! Show the solution...
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I just need the Number of days' sales in inventory. Thank you! Show the solution please.
Inventory Analysis The following data were extracted from the income statement of Brecca Systems Inc.: Current Year Prevlous Yea Sales Beginning inventories Cost of goods sold Ending inventories a. 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 $1,226,400 77,284 613,200 69,884 $1,274,600 77,108 708,100 77,284 Current Year Previous Yea 8.3 V 9.2 1. Inventory turnover 2. Number of days' sales in inventory b. The Inventory position of the buslness has deterlorated days days . The Inventory turnover has decreased ,whille the number of days' sales in inventory has Increased
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