SCC Co. reported the following for the current year: Net sales Cost of goods sold...
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Accounting
SCC Co. reported the following for the current year: Net sales Cost of goods sold Beginning balance in inventory Ending balance in inventory $49,000 41,820 2,100 8,100 Compute (a) inventory turnover and (b) days' sales in inventory. Hint Inventory turnover uses average inventory and days' sales in inventory uses the ending balance in inventory. Complete this question by entering your answers in the tabs below. Inventory Turnover Days Sales In Inventory Compute the inventory turnover. Inventory Turnover Choose Denominator: Choose Numerator: 1 = 1 = Inventory Turnover Inventory turnover times / =
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