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5.Beakman, Inc. has ending inventory of $400,000, and a cost of goods sold for the year...

5.Beakman, Inc. has ending inventory of $400,000, and a cost of goods sold for the year ended $3,800,000. What is the inventory turnover? The days’ sales in inventory? (10 Points)

(Use Excel and Excel Formulas)

Solutions

Expert Solution

Ending Inventory            400,000
Cost of goods sold        3,800,000
Inventory Turnover = Cost of goods sold/Inventory                  9.50 times
Days sales in Inventory = 365/Inventory Turnover                38.42 days

jeff jeffy answered 1 year ago
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