liyah2636 liyah2636

07-02-2020
Business

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Tater and Pepper Corp. reported sales for 2018 of $28 million. Tater and Pepper listed $6.1 million of inventory on its balance sheet. How many days did Tater and Pepper's inventory say on the premises?

Respuesta :

muratkhanmoldir00 muratkhanmoldir00

09-02-2020

Answer:

Explanation:

Inventory turnover = Sales / inventory

Inventory turnover = 28,000,000 / 6,100,000

Inventory turnover = 4.59

Day's sales inventory = 365 / Inventory turnover

Day's sales inventory = 365 / 4.59

Day's sales inventory = 79.52 days

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