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QUESTION
Tater and Pepper Corp. reported sales for 2015 of $30 million. Tater and Pepper listed $6.3 million of inventory on its balance sheet.
Tater and Pepper Corp. reported sales for 2015 of $30 million. Tater and Pepper listed $6.3 million of inventory on its balance sheet.
How many days did Tater and Pepper's inventory stay on the premises? (Use 365 days a year. Round your answer to 2 decimal places.)
Days' sales in inventory days
How many times per year did Tater and Pepper's inventory turn over? (Round your answer to 2 decimal places.)
Inventory turnover times
