Home / Questions / Average Inventory Inventory Turnover Ratio Inventory Turnover in Days Belt Company had net...
Average Inventory, Inventory Turnover Ratio, Inventory Turnover in Days Belt Company had net sales of $2,225,500,000 and cost of goods sold of $1,557,850,000. Belt had the following balances:
Required:
1. Calculate the average inventory.
2. Calculate the inventory turnover ratio.
3. Calculate the inventory turnover in days.
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