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A company has the following: 20X2 20X1 Ending inventory $37,650 $30,490 Cost of goods sold 225,250 261,300 Sales revenue 480,000 500,000 Net income 100,000
A company has the following: 20X2 20X1 Ending inventory $37,650 $30,490 Cost of goods sold 225,250 261,300 Sales revenue 480,000 500,000 Net income 100,000 80,000 What is its days' sales in inventory for 20X2? 61.0 days 48.6 days O 45.1 days O55.1 days 46.8 days
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Advanced Accounting
Authors: Debra C. Jeter, Paul Chaney
5th Edition
1118022297, 9781118214169, 9781118022290, 1118214161, 978-1118098615
