Tater and Pepper Corp. reported sales for 2015 of $34 million. Tater and Pepper

Q: Tater and Pepper Corp. reported sales for 2015 of $34 million. Tater and Pepper

a. Days’ sales in inventory = (Inventory / Sales) * 365 days = ($6.7 million/$34 million) * 365 days = 71.93 days b. Inventory turnover = Sales/Inventory = $34 million/$6.7 million = 5.07 times

ID: 2731655 • Letter: T

Question

Tater and Pepper Corp. reported sales for 2015 of $34 million. Tater and Pepper listed $6.7 million of inventory on its balance sheet.

How many days did Tater and Pepper’s inventory stay on the premises? (Use 365 days a year. Round your answer to 2 decimal places.)

How many times per year did Tater and Pepper’s inventory turn over? (Round your answer to 2 decimal places.)

How many days did Tater and Pepper’s inventory stay on the premises? (Use 365 days a year. Round your answer to 2 decimal places.)

Explanation / Answer

Days’ sales in inventory = (Inventory / Sales) * 365 days = ($6.7 million/$34 million) * 365 days = 71.93 days

Inventory turnover = Sales/Inventory = $34 million/$6.7 million = 5.07 times

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Tater and Pepper Corp. reported free cash flows for 2015 of $59.1 million and in

Taterials needed: drinking fountain, metric ruler(s), and an assistant Measureme

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Tater and Pepper Corp. reported sales for 2015 of $34 million. Tater and Pepper

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