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Calculate the inventory turnover days in inventor and gross

Question - The following information is available for Splish Brothers Inc. for three recent years.

	2017	2016	2015
Inventory	$559,911	$561,357	$335,406
Net sales	1,912,758	1,712,220	1,297,789
Cost of goods sold	1,577,885	1,271,302	963,298

Required - Calculate the inventory turnover, days in inventor, and gross profit rate for 2017 and 2016.

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Accounting Basics: Calculate the inventory turnover days in inventor and gross

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Accounting Basics: Calculate the inventory turnover days in inventor and gross

Reference No:- TGS02434087

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