Answer Happy

SCC Co. reported the following for the current year:
Compute (a) inventory turnover and (b) days’ sales in
inventory. Hint: Recall that inventory turnover uses
average inventory, and days’ sales in inventory uses the ending
balance in inventory.
SCC Co. reported the following for the current year: Net sales Cost of goods sold Beginning balance in inventory Ending balance in inventory $58,000 $50,160 $ 2,700 $ 8,700 Compute (a) Inventory turnover and (b) days' sales in Inventory. Hint Recall that 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 Turnover Days Sales In Inventory Compute the inventory turnover. Inventory Turnover Choose Denominator: Choose Numerator: 1 = Inventory Turnover Inventory turnover times 1 = < Inventory Turnover Days Sales In Inventory >

Choose Numerator IMATE ! Choose Denominator Inverter Turnover Imatrymar Inventory TUSIVU Days Saesnen Luiy Kerana inventory Luluvald Encing invertory H- IH

Compute the inventory turnover. Inventory Turnover Choose Denominator: Choose Numerator: 1 = 1 Inventory Turnover Inventory turnover times 1 Average inventory Days Sales In Inventory > Cost of goods sold Ending inventory Net sales

Beginning balance in inventory Ending balance in inventory $ 2,700 $ 8,700 Compute (a) Inventory turnover and (b) days' sales in Inventory. Hint. Recall that inventory turnover uses average Inventory sales in Inventory uses the ending balance in Inventory. Complete this question by entering your answers in the tabs below. Inventory Turnover Days Sales In Inventory Compute the days' sales in inventory. Days' Sales In Inventory 1 Choose Denominator: х Choose Numerator: Days Days' Sales In Inventory Days' sales in inventory days X = < Inventory Turnover Days Sales In Inventory >