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28. Hind Company presents the following data for 2019: Worth 3 points (partial credit will be given) Accounts Receivable, less allowance for doubtful accounts of
28. Hind Company presents the following data for 2019: Worth 3 points (partial credit will be given) Accounts Receivable, less allowance for doubtful accounts of $40,000 Ending Inventory, LIFO (estimated replacement cost $800,000) 780 500,000 Net Sales 4,750,000 3,550,000 Cost of Goods Sold (estimated good sold replacement cost, $4,150,000) Required: a. Compute the days' sales in receivables. b. Compute the days' sales in inventory, using the cost figure. c. Compute the days' sales in inventory, using the replacement cost for the inventory and the cost of goods sold
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