the green corp., has ending inventory of $417,381 and cost of goods sold for the year just ended was...

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the green corp., has ending inventory of $417,381 and cost of goods sold for the year just ended was $4,682,715. what is the inventory turnover? the days sales in inventory? how long on average did a unit of inventory sit on the shelf before it was sold?

Robert · Accepted Answer

Calculation of Inventory turnover: 
Inventory turnover  = Cost of goods sold / Inventory 
 = 4,682,715 / 417,381  
= 11.22 times  
Days’ sales in inventory = Days in the year / Inventory Turnover ratio  
= 365 / 11.22  
= 32.

the green corp., has ending inventory of $417,381 and cost of goods sold for the year just ended was $4,682,715. what is the inventory turnover? the days sales in inventory? how long on average did a...

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