SCC Company reported the following for the current year:Net salesCost of goods soldBeginning balance in inventoryEnding balance in inventoryCompute (a) Inventory turnover and (b) days' sales In Inventory. Hint Inventory turnover uses average Inventory and days' sales inInventory uses the ending balance in Inventory.$ 52,00045,9002,4898,400Complete this question by entering your answers in the tabs below.Inventory Days Sales InTurnoverInventoryCompute the days' sales in inventory.Numerator:Days' Sales In InventoryDenominator:< Inventory TurnoverDaysDays' Sales In InventoryDays' sales in inventorydaysDays Sales In Inventory >=

SCC Company reported the following for the current year: Net sales $ 52,000 45,900 Cost of goods sold 2,400 Beginning balance in inventory Ending balance in inventory 8,400 Compute (a) Inventory turnover and (b) days' sales In Inventory. Hint Inventory turnover uses aver Inventory uses the ending balance in Inventory. Complete this question by entering your answers in the tabs below.

SCC Company reported the following for the current year: Net sales $ 52,000 45,900 Cost of goods sold 2,400 Beginning balance in inventory Ending balance in inventory 8,400 Compute (a) Inventory turnover and (b) days' sales In Inventory. Hint Inventory turnover uses aver Inventory uses the ending balance in Inventory. Complete this question by entering your answers in the tabs below.

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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Solve for the missing information designated by "?" in the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place.) Case a. b. C. $ $ Beginning Inventory Purchases 112 $ 224 SA Cost of Goods Sold 1,120 $ $ $ 8.0 Days to Sell 36.5
SCC Company reported the following for the current year: Net sales $ 48,000 Cost of goods sold 40,000 Beginning balance in inventory 2,000 Ending balance in inventory 8,000 Compute (a) inventory turnover and (b) days’ sales in inventory. Compute the inventory turnover. Inventory Turnover Numerator: / Denominator: = Inventory Turnover / = Inventory turnover / = 0 times Compute the days’ sales in inventory. Days’ Sales In Inventory Numerator: / Denominator: × Days = Days’ Sales In Inventory / × = Days’ sales in inventory / × = 0 days
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SCC Company reported the following for the current year: $ 52,000 45,900 2,400 8,400 Net sales Cost of goods sold Beginning balance in inventory Ending balance in inventory Compute (a) Inventory turnover and (b) days' sales in Inventory. Hint Inventory turover 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: 1 1 1 Inventory Turnover Denominator:
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