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The following information was available for the year ended December 31, 2022: ...

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Question

Accounting

The following information was available for the year ended December 31, 2022:

Cost of goods sold $ 646,050
Average inventory for the year 21,400
Inventory at year-end 43,350

Required:

Calculate the inventory turnover for 2022.

Note: Round your answer to 2 decimal places.

Calculate the number of days' sales in inventory for 2022, using year-end inventories.

Note: Use 365 days a year. Round your answer to 1 decimal place.

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