value: 2.14 points M7-13 Calculating the Inventory Turnover Ratio and Days to Se

Question

value: 2.14 points M7-13 Calculating the Inventory Turnover Ratio and Days to Sell LO 7-5] Complete the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place.) Inventory Case BI Purchases CGS El Days to Sell 170 $ 270 810 $ 1,480 1,280 Turnover Ratio 3.2 7.4 830 $ 190 C. 115 28.5 References eBook & Resources Worksheet Difficulty: 1 Easy M7-13 Calculating the Inventory Turnover Ratio Learning Objective: 07-05 Evaluate inventory management by and Days to Sell [LO 7-5] computing and interpreting the inventory turnover ratio.

Explanation / Answer

Determine missing amount

Case BI Purchase CGS EI Inventory turnover ratio Days to sell a 170 830 810 190 4.5 81.1 b 270 1340 1480 130 7.4 49.3 c 85 1310 1280 115 12.8 28.5

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