At December 31, 2019, the following information was available for A. Kamble Company: ending inventory $40,000, beginning inventory $60,000, cost of goods sold $270,000, and sales revenue $380,000.Calculate inventory turnover for A. Kamble Company. (Round answer to 1 decimal place, e. g. 1.5.)Inventory turnover times. Calculate days in inventory for A. Kamble Company. (Round answer to 1 decimal place, e. g. 1.5. Use 365 days for calculation.)Days in inventory $ days.

5.4 times and 67.5 days

Explanation:

The computation is shown below:

Inventory turnover ratio =  Cost of goods sold ÷ average inventory

where,  

Average inventory = (Opening balance of inventory + ending balance of inventory) ÷ 2

= ($60,000 + $40,000) ÷ 2

= $50,000

And, the cost of good sold is $270,000

Now put these values to the above formula  

So, the answer would be equal to  

= $270,000 ÷ $50,000

= 5.4 times

Now Days in inventory  

= Total number of days in a year ÷ inventory turnover ratio

= 365 days ÷ 5.40 times

= 67.5 days

answer'; i believe the correct answer is (15,000) workers a year are treated for injuries caused by jacks, lifts or jack stands;

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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