Inventory Analysis A company reports the following: Cost of goods sold $381,425 Average inventory 69,350 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round...

Inventory Analysis

A company reports the following:

Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.