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Calculate the inventory turnover and days sales

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Reference no: EM132895601

Question - Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2021 and 2020.

Wildhorse Co. reported the following information for a three-year period:

 

2021

2020

2019

Ending inventory

$22,000

$29,000

$34,000

Sales

134,000

137,000

113,000

Cost of goods sold

65,660

67,130

55,370

Profit

32,000

43,000

41,000

Reference no: EM132895601

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