Question
) Beginning inventory totals $80,000 and ending inventory totals $130,000. Net sales totals $600,000 and cost of goods sold is $450,000. The days sales in
) Beginning inventory totals $80,000 and ending inventory totals $130,000. Net sales totals $600,000 and cost of goods sold is $450,000. The days sales in inventory will be (round calculations up to two decimal place).
a. 83.95 days
b. 54.75 days
c. 50 days
d. 57.10 days
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Implementing And Auditing The Internal Control System
Authors: D. Chorafas
2001edition
0333929365, 978-0333929360
