Allstair Ltd has an inventory turnover ratio of 6.2 times. Therefore, Allstair’s number of days of inventory must be…
365
0.017
59
62
Days in inventory=365/inventory turnover
=365/6.2
which is equal to
=59 days(Approx).
Allstair Ltd has an inventory turnover ratio of 6.2 times. Therefore, Allstair’s number of days of...