Question
Cheree, Inc.'s cost of goods sold for the year is $1,000,000, and the average merchandise inventory for the year is $53,000. Calculate the number of
Cheree, Inc.'s cost of goods sold for the year is $1,000,000, and the average merchandise inventory for the year is $53,000. Calculate the number of days' sales in inventory for the company. (Use 365 days for any calculations.) OA. 15.9 days B. 9.54 days OC. 18.87 days OD. 19.34 days
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Financial Accounting
Authors: Jeffrey Waybright, Robert Kemp
1st Edition
013606048X, 9780136060482
