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A7X Corporation has ending inventory of $703,173 and cost of goods sold for the year just ended was $7,864,613. a. What
Posted: Wed Jul 06, 2022 6:40 pm
by answerhappygod
- A7x Corporation Has Ending Inventory Of 703 173 And Cost Of Goods Sold For The Year Just Ended Was 7 864 613 A What 1 (44.14 KiB) Viewed 21 times
A7X Corporation has ending inventory of $703,173 and cost of goods sold for the year just ended was $7,864,613. a. What is the inventory turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the days' sales in inventory? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. How long on average did a unit of inventory sit on the shelf before it was sold? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Inventory turnover b. Days' sales in inventory c. Days on the shelf times days days