Tater and Pepper Corporation reported sales of $40 million. Tater and Pepper listed $7.3 million of inventory on its balance sheet. Using a 365-day year, how many days did ater and Pepper's inventory stay on the premises? How many times per year did Tater and Pepper's inventory turn over? Note: Round your answers to 2 decimal places. Days' sales in inventory Inventory turnover days times
Tater and Pepper Corporation reported sales of $40 million. Tater and Pepper listed $7.3 million of inventory on its balance sheet. Using a 365-day year, how many days did ater and Pepper's inventory stay on the premises? How many times per year did Tater and Pepper's inventory turn over? Note: Round your answers to 2 decimal places. Days' sales in inventory Inventory turnover days times
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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