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Based on the Following Information: Compute (A)inventory Turnover; (B)average Daily

Question 80

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Based on the following information: compute (a)inventory turnover; (b)average daily cost of goods sold; and (c)number of days' sales in inventory for the current year.Use a 365-day year.(d)If an inventory turnover of 12 is average for the industry,how is this company doing?
Based on the following information: compute (a)inventory turnover; (b)average daily cost of goods sold; and (c)number of days' sales in inventory for the current year.Use a 365-day year.(d)If an inventory turnover of 12 is average for the industry,how is this company doing?

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