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Problem 3-3 Asset Management Ratios (LG3-2) Tater and Pepper Corp. reported COGS for 2021 of...

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Accounting

Problem 3-3 Asset Management Ratios (LG3-2) Tater and Pepper Corp. reported COGS for 2021 of $32 million. Tater and Pepper listed $6.5 million of inventory on its balance sheet.

How many days did Tater and Peppers inventory stay on the premises? (Use 365 days a year. Round your answer to 2 decimal places.)

Days Sales Inventory ____ days

How many times per year did Tater and Peppers inventory turn over? (Round your answer to 2 decimal places.)

Inventory Turnover ____ times

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