Calculate the inventory turnover and days of inventory ratios. Everything listed below

timer Asked: Jan 25th, 2015

Question description

A restaurant reported the following inventory and cost of sales for July which had 31 operating days. Calculate the inventory turnover and days of inventory ratios.

Inventory July 1: 8300

Inventory July 31: 8800

Inventory Average:

Cost of Sales 39,000

Inventory Turnover

Operating days in July: 31?

Average days of Inventory:

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