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Jeek 2&3: Online Assignment 1: Connect Chapter 3 Probl... 6 Saved 7 The King Corporation...

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Jeek 2&3: Online Assignment 1: Connect Chapter 3 Probl... 6 Saved 7 The King Corporation has ending inventory of $483,824, and cost of goods sold for the year just ended was $4,233.460. points a. What is the inventory turnover? (Do not round intermediate calculations. 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 Intermediate calculations. Round your answer to 2 decimal 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 intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) eBook Print References times days days Inventory turnover Days' sales in inventory Days on shelf in inventory b. c

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