Some firms do not report the cost of goods sold separately on their income statements. In such

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Some firms do not report the cost of goods sold separately on their income statements. In such a case, how should you proceed to compute days’ sales in inventory? Will this procedure produce a realistic days’ sales in inventory?

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Financial Reporting And Analysis Using Financial Accounting Information

ISBN: 139

12th Edition

Authors: Charles H Gibson

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Question Posted: Jun 22, 2012 09:17 AM

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Some firms do not report the cost of goods sold separately on their income statements. In such

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Financial Reporting And Analysis Using Financial Accounting Information

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