Calculate cost of goods sold-the inventory turnover ratio

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Reference no: EM131286380

A company reports the following amounts for 2018: Inventory (beginning) $ 17,000 Inventory (ending) 30,000 Purchases 160,000 Purchase returns 11,000 Calculate cost of goods sold, the inventory turnover ratio, and the average days in inventory for 2018. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.)

Cost of goods sold:

Inventory turnover ratio:

AVerage days in inventory:

Reference no: EM131286380

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