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Based on the Following Information Compute

Question 69

Essay

Based on the following information compute
(a)inventory turnover,
(b)average daily cost of merchandise sold,and
(c)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 merchandise sold,and (c)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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