Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Based on the following data for the current year, what is the number of days' sales in inventory? Assume 365-day year. Sales on account during
Based on the following data for the current year, what is the number of days' sales in inventory? Assume 365-day year. Sales on account during year $469,112 Cost of goods sold during year 166,889 Accounts receivable, beginning of year 41,999 Accounts receivable, end of year 46,200 Inventory, beginning of year 34,369 Inventory, end of year 40,060 Do not round interim calculations. Round your final answer up to the nearest whole day.
a.4 b.365 c.96 d.81
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