Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate the days' sales in inventory metric. In this calculation, use average inventory in the calculation. By how many days did days sales in inventory
Calculate the days' sales in inventory metric. In this calculation, use average inventory in the calculation. By how many days did "days sales in inventory" metric change from 2020 to 2021?
Inventory Sales revenue Cost of goods sold 2021 12,300 64,000 46,864 2020 12,100 62,000 43,611 2019 11,800 56,000 39,200Step 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![For Heintz/parrys College Accounting, Chapters 1-15, 22nd Edition, [instant Access]](https://dsd5zvtm8ll6.cloudfront.net/si.question.images/book_images/2022/04/6257c8d15b633_2096257c8d10b1d2.jpg)
For Heintz/parrys College Accounting, Chapters 1-15, 22nd Edition, [instant Access]
Authors: James A. Heintz, Robert W. Parry
22nd Edition
1305669886, 9781305669888
