Ask Question
1 June, 17:49

Tater and Pepper Corp. reported sales for 2018 of $28 million. Tater and Pepper listed $6.1 million of inventory on its balance sheet. How many days did Tater and Pepper's inventory say on the premises?

+1
Answers (1)
  1. 1 June, 19:22
    0
    Inventory turnover = Sales / inventory

    Inventory turnover = 28,000,000 / 6,100,000

    Inventory turnover = 4.59

    Day's sales inventory = 365 / Inventory turnover

    Day's sales inventory = 365 / 4.59

    Day's sales inventory = 79.52 days
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Tater and Pepper Corp. reported sales for 2018 of $28 million. Tater and Pepper listed $6.1 million of inventory on its balance sheet. How ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers