eBook Show Me How Calculator Print Item The following data were extracted from the income statement of Keever Inc.: చేట్కకి Current Year Previous Year Sales $890,600 $932,900 Beginning inventories...

Extracted text: eBook Show Me How Calculator Print Item The following data were extracted from the income statement of Keever Inc.: చేట్కకి Current Year Previous Year Sales $890,600 $932,900 Beginning inventories 41,772 48,482 Cost of goods sold 445,300 518,300 Ending inventories 37,772 41,772 a. Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. Round interim calculations to the nearest dollar and the final answers to one decimal place. Assume 365 days a year. Current Year Previous Year 1. Inventory turnover 2. Number of days' sales in inventory 32.6 days X days b. The inventory position of the business has deteriorated The inventory turnover has decreased v, while the number of days' sales in inventory has Increased X Feedback TCheck My Work a.1. Divide the cost of goods sold by the average inventory. Average inventory = (Beginning inventory+ Ending inventory)- 2. a.2. Divide the average inventory by the average daily cost of goods sold.Average inventory (Beginning inventory + Ending inventory) 2.Average daily cost of goods sold cost of goods 365 days. ఆతడ ( Previous Next> Check My Work 2 more Check My Work uses remaining,