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A company has the following: 2022 2021 Ending inventory $34,580 $32,650 Cost of goods sold 182.000 163,000 Sales revenue 300,000 250,000 Net income 100,000 80,000
A company has the following: 2022 2021 Ending inventory $34,580 $32,650 Cost of goods sold 182.000 163,000 Sales revenue 300,000 250,000 Net income 100,000 80,000 What is the company's days in inventory for 2022? (rounded) 67.4 days 69.4 days 0 68.3 days 0 66.4 days 0 68.9 days
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0697789938
