(Solution) - The company reported the following information for the year Beginning -(2025 Original AI-Free Solution)
Paper Details
The company reported the following information for the year:
Beginning accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . $2,000
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
Ending inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,000
Ending accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,400
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,200
Beginning inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,600
Compute (1) inventory turnover and (2) number of days? sales in inventory.