Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) Calculate the number of days' sales in inventory for 2019, using year-end inventories.

Answer and Explanation:

The computation is shown below:

(a) Inventory turnover is

= Cost of goods sold ÷ Average inventory

= $605,900 ÷ $170,000

= 3.56 Times

And  

(b) Number of days sales in inventory is

= Year end inventory × total number of days in a year ÷ cost of goods sold

= $157,700 × 365 ÷ $605,900

= 95 days

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

all of them make sense but, i would have to say ask someone who has been there/or lives there, and/or read recent newspapers from that city.

hope this !