Inventory turnover=Cost of goods sold/Ending inventory
=(9,758,345/625,817)=15.59 times(Approx).
Days sales in inventory=365/inventory turnover
=365/15.59=23.41 days(Approx).
Days on the shelf=23.41 days(Approx).
A7X Corporation has ending inventory of $625,817, and cost of goods sold for the year just ended was $9,758,345 a. What...
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