Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Agnes Company reported the following data:. Quick assets $58,000 Current assets 153,000 Total liabilities 303,000 Average net receivables 12,900 Beginning inventory 41,000 Long-term liabilities 203,000
Agnes Company reported the following data:.
Quick assets | $58,000 |
Current assets | 153,000 |
Total liabilities | 303,000 |
Average net receivables | 12,900 |
Beginning inventory | 41,000 |
Long-term liabilities | 203,000 |
Net credit sales | 129,000 |
Cost of goods sold | 87,000 |
Ending inventory | 49,000 |
What was the average number of days to sell inventory? (Round intermediate computations to two decimal places. Assume 365 days in a year.)
189.12
172.01
127.33
205.57
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started