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A company has the following year-end information: Year 1 Year 2 Sales $ 50,000 $ 75,000 Cost of goods sold $ 35,000 $ 25,000 Gross
A company has the following year-end information:
| Year 1 | Year 2 | |
| Sales | $ 50,000 | $ 75,000 |
| Cost of goods sold | $ 35,000 | $ 25,000 |
| Gross margin | $ 15,000 | $ 50,000 |
| Inventory | $ 12,000 | $ 11,000 |
What is the calculation of the average days to sell inventory for Year 2?
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Accounting Tools for business decision making
Authors: kimmel, weygandt, kieso
4th Edition
978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461
