Question
9. Murray Engineering has sales of $860,000. The cost of goods sold is equal to 67 percent of sales. The company has an average inventory
9. Murray Engineering has sales of $860,000. The cost of goods sold is equal to 67 percent of sales. The company has an average inventory of $126,000. How many days on average does it take the company to sell its inventory?
| a | 50.60 days | |
| b | 94.18 days | |
| c | 87.20 days | |
| d | 68.73 days | |
| e | 79.82 days |
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Public Finance And Public Policy
Authors: Arye L. Hillman
2nd Edition
0521738059, 978-0521738057
