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v2.cengagenow.com/Im/takeAssig takeAssignmentMain.doinvoker= assignments&takeAssignmentSession; Locator= assignment-take&inprogress;= false HOMEWORK 15 Show Me How Calculator Print Item eBook Inventory Analysis The following data were extracted from the income statement of Brecca Systems Inc.: Current Year Previous Year Sales Beginning inventories Cost of goods sold Ending inventories 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. $1,138,800 $1,182,600 65,188 569,400 58,988 63,080 657,000 65,188 Current Year Previous Year 1. Inventory turnover 2. Number of days' sales in inventory b. The inventory position of the business has days days . The inventory turnover has , while the number of days sales in inventory has Screenshot saved The screenshot was added to your Check My Work 3-02 PM O Type here to search ^ 4, 11/17/2017

Explanation / Answer

for b what all are the options given in question?

Current year Previous year Inventory turnover = Cost of goods sold / average inventory 9.17 10.24 Days sales in inventory = Ending inventory / Cost of goods sold * 365 37.81 36.22

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