Value
6.66 points
the green corporation has ending inventory of $483,600, and cost of goods sold for the year just ended
was $4,342,728.
what is the inventory turnover? (do not round intermediate calculations. round your answer to 2
decimal places, e. g., 32.16.)
inventory turnover
what is the days' sales in inventory? (use 365 days a year. do not round intermediate calculations.
round your answer to 2 decimal places, e. g., 32.16.)
days' sales in inventory
days
how long on average did a unit of inventory sit on the shelf before it was sold? (use 365 days a year. do
not round intermediate calculations. round your answer to 2 decimal places, e. g., 32.16.)
days on shelf in inventory
39.67 days
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Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e. g. -15,000 or parentheses e. g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work