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Inventory Turnover Days Sales In Inventory Compute the days' sales in inventory. Numerator: Average inventory Cost of goods sold Ending inventory Net sales Days' Sales In Inventory. Denominator: x Days = Days' Sales In Inventory = Days' sales in inventory = days < Inventory Turnover Days Sales In Inventory > SCC Company reported the following for the current year: Net sales Cost of goods sold Beginning balance in inventory Ending balance in inventory $ 73,000 58,500 3,500 9,500 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 Days Sales In Turnover Inventory Compute the inventory turnover. Numerator: Average inventory Cost of goods sold Ending inventory Net sales Inventory Turnover Denominator: = Inventory Turnover = Inventory turnover = times < Inventory Turnover Days Sales In Inventory >

Inventory Turnover Days Sales In Inventory Compute the days' sales in inventory. Numerator: Average inventory Cost of goods sold Ending inventory Net sales Days' Sales In Inventory. Denominator: x Days = Days' Sales In Inventory = Days' sales in inventory = days < Inventory Turnover Days Sales In Inventory > SCC Company reported the following for the current year: Net sales Cost of goods sold Beginning balance in inventory Ending balance in inventory $ 73,000 58,500 3,500 9,500 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 Days Sales In Turnover Inventory Compute the inventory turnover. Numerator: Average inventory Cost of goods sold Ending inventory Net sales Inventory Turnover Denominator: = Inventory Turnover = Inventory turnover = times < Inventory Turnover Days Sales In Inventory >

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Inventory Turnover Days Sales In Inventory Compute the days' sales in inventory. Numerator: Average inventory Cost of goods sold Ending inventory Net sales Days' Sales In Inventory. Denominator: x Days = Days' Sales In Inventory = Days' sales in inventory = days < Inventory Turnover Days Sales In Inventory >
Transcribed Image Text:Inventory Turnover Days Sales In Inventory Compute the days' sales in inventory. Numerator: Average inventory Cost of goods sold Ending inventory Net sales Days' Sales In Inventory. Denominator: x Days = Days' Sales In Inventory = Days' sales in inventory = days < Inventory Turnover Days Sales In Inventory >
SCC Company reported the following for the current year: Net sales Cost of goods sold Beginning balance in inventory Ending balance in inventory $ 73,000 58,500 3,500 9,500 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 Days Sales In Turnover Inventory Compute the inventory turnover. Numerator: Average inventory Cost of goods sold Ending inventory Net sales Inventory Turnover Denominator: = Inventory Turnover = Inventory turnover = times < Inventory Turnover Days Sales In Inventory >
Transcribed Image Text:SCC Company reported the following for the current year: Net sales Cost of goods sold Beginning balance in inventory Ending balance in inventory $ 73,000 58,500 3,500 9,500 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 Days Sales In Turnover Inventory Compute the inventory turnover. Numerator: Average inventory Cost of goods sold Ending inventory Net sales Inventory Turnover Denominator: = Inventory Turnover = Inventory turnover = times < Inventory Turnover Days Sales In Inventory >
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