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A company reports the following financial information: Inventory, December 31, 2019 $ 75,000 Inventory, December 31, 2020 125,000 Net Sales for 2020 850,000 Cost of
A company reports the following financial information:
| Inventory, December 31, 2019 | $ | 75,000 | |
| Inventory, December 31, 2020 | 125,000 | ||
| Net Sales for 2020 | 850,000 | ||
| Cost of Goods Sold for 2020 | 400,000 | ||
The companys days sales in inventory is closest to ____.
multiple choice 2
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54 days
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68 days
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114 days
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91 days
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Global Strategy
Authors: Mike W. Peng
5th Edition
0357512367, 978-0357512364
