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Cardinal, Inc. has the following select financial information for FYE 12/31/07.

Cardinal, Inc. has the following select financial information for FYE 12/31/07.

Sales $22,000,000 Current Assets $4,234,500
EBITDA $7,500,000 Inventory $2,500,000
EBIT $5,000,000

What is inventory turnover; and average days on hand for inventory (hint: use 365 days)?

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CH190310_3960_FIN.docx

Cardinal, Inc. has the following select financial information for FYE 12/31/07.
Sales $22,000,000 Current Assets $4,234,500
EBITDA $7,500,000 Inventory $2,500,000
EBIT $5,000,000
what is inventory...

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