Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cole's Cupcakes has sales of $ 2 , 9 1 0 , costs of goods sold of $ 2 , 2 5 0 , inventory

Cole's Cupcakes has sales of $2,910, costs of goods sold of $2,250, inventory of $522, and accounts receivable of $439. How many days, on average, does it take Cole's to sell its inventory?
84.68 days
83.52 days
65.47 days
71.22 days
55.06 days
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Handbook Of Fixed Income Securities

Authors: Frank Fabozzi, Steven Mann

8th Edition

0071768467, 978-0071768467

More Books

Students also viewed these Finance questions