Business, 06.05.2020 03:19, dangrueneberg9124

Compute the average days in inventory ratio using the following information: Net sales is $200,000 for the year, cost of goods sold are $80,000, last year's total assets were $900,000, and this year's total assets are $1,100,000. Receivables for both years are $40,000. Inventory changed from $30,000 last year to $10,000 this year.

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Compute the average days in inventory ratio using the following information: Net sales is $200,000 f...