0 eztomheducationcomhmtpx conect ACCT 2301 Summer 1 20 ONL

0 ? ? eztomheducation.com/hm.tpx conect ACCT 2301 Summer 1 20 ONL ACCOUNTING 7 Homework Question 6 (ot 7) value: 14.28 points Complete the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sol to one decimal place.) y Days to Se Bl Purchases CGs El 600 100 200 700$ 6.0 b. 1,000 150 36 5 References Book & Resources Worksheet O Type here to search

Solution

Calculate missing amount :

Cases	BI	Purchases	CGS	EI	Inventory turnover ratio	Days to sell
a	100	700	600	200	600/150 = 4.0 Times	365/4 = 91.3 days
b	200	1200	1200	200	6.0	365/6 = 60.8 days
c	50	1100	1000	150	10.0	36.5