Acompany reports the following: cost of goods sold $435,000average inventory 72,500 determine (a) the inventory turnover and (b) the number of days' sales in inventory. round interim calculations to the nearest dollar and final answers to one decimal place. assume 365 days a year.

(a) 6

(b) 60.8 days

Explanation:

Given that,

Cost of goods sold = $435,000

Average inventory = 72,500

Therefore,

(a) Inventory turnover ratio:

= Cost of goods sold ÷ Average inventory

= $435,000 ÷ 72,500

= 6

Therefore, the inventory turnover ratio is 6.

(b) Number of days' sales in inventory:

= 365 days ÷ Inventory turnover ratio

= 365 days ÷ 6

= 60.8 days

Therefore, the number of days sales in inventory is 60.8 days.

the correct answer option is b. a single paragraph.

explanation:

when you are thinking about paragraph​ topics, you should always choose a subject that can be adequately addressed in a single paragraph.

a paragraph is a piece of writing consisting of a few sentences that deal with a single theme. it has only a single idea that the paragraph revolves around and talks about.

so a paragraph topic must be chosen wisely where a single idea can be communicated in a single paragraph.

answer; the cpi;