The Following Information Is Available for the McCartney Corporation Calculate the Company's Inventory Turnover and Its Days' Sales in \text

question 150

Essay

The following information is available for the McCartney Corporation:
$\begin{array}{|l|r|}\hline \text { Sales } & \$ 750,000 \\\hline \text { Cost of goods sold } & 450,000 \\\hline \text { Gross profit } & 300,000 \\\hline \text { Operating income } & 85,000 \\\hline \text { Net income } & 42,000 \\\hline \text { Inventory, beginning-year } & 71,200 \\\hline \text { Inventory, end-of-year } & 48,800 \\\hline\end{array}$ Calculate the company's inventory turnover and its days' sales in inventory.

---

Definitions:

Oregon

A state in the Pacific Northwest region of the United States known for its diverse landscapes, including forests, mountains, farms, and beaches.

Texas Revolt

The 1830s rebellion of residents of the territory of Texas—many of them American emigrants—against Mexican control of the region.

Republic of Texas

A sovereign nation in North America that existed from March 2, 1836, to February 19, 1846, before becoming a state of the United States.

U.S. Army

A service branch of the United States Armed Forces tasked with carrying out military operations on land.