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Average Inventory Inventory Turnover Ratio Inventory Turnover in Days Belt Company had net sales of $2225500000 and cost of goods sold of $1557850000 Belt had the following balances

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.

Jun 27 2020 View more View Less

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