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Category > Business & Finance Posted 31 May 2017 My Price 8.00

Tater and Pepper Corp.

Tater and Pepper Corp. reported sales for 2008 of $23 million. Tater and Pepper listed $5.6 million of inventory on its balance sheet. Calculate Tater and Pepper’s 2008 EBIT. Using a 365 day year, how many days did Tater and Pepper’s inventory stay on the premises? How many times per year did Tater and Pepper’s inventory turn over?

 

$5.6m. x 365

Days’ sales in inventory = —————— = 88.8696 days

$23m.

 

$23m.

Inventory turnover ratio = ———— = 4.1071 days

$5.6m.

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Status NEW Posted 31 May 2017 04:05 AM My Price 8.00

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