Your company had $14 million in sales last year. Its cost of goods sold was $9.8 million

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Your company had $14 million in sales last year. Its cost of goods sold was $9.8 million and its average inventory balance was $1,300,000. What was its average days of inventory?

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Fundamentals Of Corporate Finance

ISBN: 9781292437156

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Feb 21, 2024 10:00 AM

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Your company had $14 million in sales last year. Its cost of goods sold was $9.8 million

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Fundamentals Of Corporate Finance

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