Based on the Following Information, Compute (A) Inventory Turnover; (B)

question 120

Essay

Based on the following information, compute (a) inventory turnover; (b) average daily cost of goods sold using a 365 day year; and (c) number of days' sales in inventory.
​
Cost of goods sold $195,640
Inventory:
Beginning of year 20,500
End of year 18,628

---

Definitions:

Document Properties

Metadata associated with a document, including author, title, subject, and creation date, among others.

Info Button

A graphical interface element that provides users with detailed information or context about an item or function.

Color Scheme

A selection of colors that are used together to create a visually cohesive and appealing design in various forms of media and art.

SmartArt

A graphics tool included in Microsoft Office programs designed to help users create professional-quality diagrams with ease.