Question
Cassie's Cookies provided the following account balances for 2025: Cost of Goods Sold (Cost of sales) $440,000 Beginning Merchandise Inventory 5,400 Ending Merchandise Inventory 3,400
Cassie's Cookies provided the following account balances for 2025: Cost of Goods Sold (Cost of sales) $440,000 Beginning Merchandise Inventory 5,400 Ending Merchandise Inventory 3,400 Calculate the average number of days that inventory was held by Cassie's Cookies during 2025. Assume 365 days in a year. Round intermediate calculations, and final answer to two decimal places.
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
