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What is the formula for Inventory Turnover Ratio? Calculate it

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What is the formula for Inventory Turnover Ratio? Calculate it. Can you calculate Day's sales in Inventory? You have one problem that will ask you to calculate ending inventory based on Specific Identification. Pretty easy, just takes a few minutes to do. Chapter 7, Accounting Information Systems collect and report what? What is a special journal? Why do we use a sales journal? What is a Purchasing Journal used for? Then what do we use a General Journal for? Do you see that I am focusing on concepts, not just math? 5 fundamental principles of accounting are What are the 2 subsidiary ledgers that you learned about? What are they? How are they used? Which journal would you use for a sales return? (hopefully not that often). You better look up day's payable outstanding and how do you calculate it. Accounts payable / COGS X 365 And there you go. If I don't see a bunch of A's coming out of this class, I might just cry....