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

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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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Corporate Finance

ISBN: 9780273792024

3rd Global Edition

Authors: Peter Demarzo, Jonathan Berk

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Question Posted: Jun 12, 2024 01:14 AM

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

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Corporate Finance

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