Calculate the inventory turns and days inventory

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Reference no: EM132258631

1. A company has $50,000 in inventory, $90,000 per year in COGS (Cost of Goods Sold), and $120,000 per year in revenues.

How many times per year does the company turn its inventory and how many days inventory on hand does it hold?

2. A high-street jewelry store has the following values on its annual reports:

Cost of Goods Sold = 1.2 million USD

Average Inventory = 1.4 million USD

Calculate the Inventory Turns and Days Inventory on Hand (DOH) for this jewelry store. (Round the Inventory Turns to 2 decimal places.)

3. An online (internet only) jewelry store has the following values on its annual reports:

Cost of Goods Sold = 240 thousand USD

Average Inventory = 20 thousand USD

Calculate the Inventory Turns and Days Inventory on Hand (DOH) for this online jewelry store.

Reference no: EM132258631

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