Sorenson inc has sales of 4056000 a gross profit margin of


Sorenson Inc. has sales of $4,056,000, a gross profit margin of 38.55 percent, and inventory of $1,139,000. What are the company's inventory turnover ratio and days' sales in inventory? (Round inventory turnover ratio to 3 decimal places, e.g. 12.555 and days' sales in inventory to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)

Solution Preview :

Prepared by a verified Expert
Business Management: Sorenson inc has sales of 4056000 a gross profit margin of
Reference No:- TGS01607689

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)