Cost of goods sold for 2010 $1,900,000 Inventory, December 31, 2009 445,000 Inventory, December 31, 2010 485,000 rev: 03- What is the inventory turnover for 2010? (Round your answer to two decimal places.) rev: 03-02-2011 2.00 3.92 → 4.09 4.27 Explanation Inventory Turnover = Cost of goods sold / Average inventory Inventory Turnover = $1,900.000/ [(445,000+485,000)/2] = 4.09 Days to sell for 2010 is: (Use 365 days in a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.) rev: 03-02-2011 182.50 → 89.33 85.48 93.2 Explanation Days to sell = 365 / Inventory turnover 89.33 = 365 / 4.09

Cost of goods sold for 2010	$1,900,000
Inventory, December 31, 2009	445,000
Inventory, December 31, 2010	485,000

 
rev: 03- 

What is the inventory turnover for 2010? (Round your answer to two decimal places.)

 
rev: 03-02-2011

	2.00
	3.92
→	4.09
	4.27

Explanation Inventory Turnover = Cost of goods sold / Average inventory

Inventory Turnover = $1,900.000/ [(445,000+485,000)/2] = 4.09

Days to sell for 2010 is: (Use 365 days in a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)

 
rev: 03-02-2011

	182.50
→	89.33
	85.48
	93.2

Explanation Days to sell = 365 / Inventory turnover

89.33 = 365 / 4.09