The Following Information Is Available for Heller Company Instructions
Compute Each of the Following:
(A) Inventory Turnover

Essay

The following information is available for Heller Company: $$\begin{array} { l r } \text { Beginning inventory } & \$ 60,000 \\\text { Cost of goods sold } & 640,000 \\\text { Ending inventory } & 100,000 \\\text { Sales revenue } & 1,000,000\end{array}$$ Instructions
Compute each of the following:
(a) Inventory turnover.
(b) Days in inventory.