16. Your company had $12 million in sales last year. Its cost of goods sold was $8...

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16. Your company had $12 million in sales last year. Its cost of goods sold was $8 million and its average inventory balance was $1,680,000. What was its average days of inventory?

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Fundamentals Of Corporate Finance

ISBN: 9781292018409

3rd Global Edition

Authors: Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Oct 21, 2024 11:00 AM

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16. Your company had $12 million in sales last year. Its cost of goods sold was $8 million and its average inventory balance was $1,680,000. What was its average days of inventory?
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16. Your company had $12 million in sales last year. Its cost of goods sold was $8...

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Fundamentals Of Corporate Finance

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