Problemsorenson inc has sales of 5712000 a gross profit, Ask an Expert

Finance

Problem:

Sorenson Inc. has sales of $5,712,000, a gross profit margin of 27.45 percent, and inventory of $937,000.

Requirement:

What are the company's inventory turnover ratio and days' sales in inventory? Please describe in detail also show all calculation.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146665

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