## Answers

Inventory Turnover = Cost of Goods Sold/Average inventory

20Y7 | 20Y6 | |
---|---|---|

Inventory Turnover | = 3,756,945/[(759,200+839,500)/2] = 4.7 | = 3,965,725/[(737,300+759,200)]/2 = 5.3 |

B.

Days in inventory = 365/Inventory Turnover

20Y7 | 20Y6 | |
---|---|---|

Days in inventory | = 365/4.7 = 77.7 days | = 365/5.3 = 68.9 days |

Comment if you face any issues

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