Question
A firm has sales of $131,000 and inventory of $12,200. The common-size income statement lists cost of goods sold at 67 percent and depreciation at
A firm has sales of $131,000 and inventory of $12,200. The common-size income statement lists cost of goods sold at 67 percent and depreciation at 5 percent. How long on average does it take the firm to sell its inventory?
1.7.19 days
2.8.24 days
3.50.73 days
4.44.30 days
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
