thebestaround6453 thebestaround6453

23-08-2019
Business

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Rachets R Us Corp. reported sales for 2013 of $200,000. Rachets R Us listed $25,000 of inventory on its balance sheet. Using a 365-day year, how many days did Rachets R Us's inventory stay on the premises? How many times per year did Rachets R Us's inventory turnover?

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TomShelby TomShelby

26-08-2019

Answer:

Invneotry TO 8

days on invnetory 46

Explanation:

[tex]\frac{sales}{average\:inventory} = $TO \: inventory[/tex]

200,000/25,000 = 8

The sales figure is done by selling inventory, to achieve the 200,000 sales with an inventory of 25,000 we should have sold our invnetory 8 times.

[tex]\frac{365}{Inventory \:TO} =$days on inventory[/tex]

The year has 365 days If we sale our inventory 8 times per year.

This division will give us how many days to sold the entire inventory.

Because days can't be split in half, we round up.

365/8 = 45.625 = 46 days on inventory

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