Question
An analyst has obtained the following information about ABC, Inc. Sales: $63,261 COGS = $13,747 Accounts Receivables = $11,241 Accounts Payable = $8,601 Inventory =
An analyst has obtained the following information about ABC, Inc.
Sales: $63,261 COGS = $13,747 Accounts Receivables = $11,241 Accounts Payable = $8,601 Inventory = $8,637 Assume 365 days.
What is the Inventory Period? That is, what is the Days Inventory Held?
Enter your answer rounded off to two decimal points.
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International Financial Management
Authors: Jeff Madura
7th Edition
0324071744, 978-0324071740
