Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dabble, Inc. has sales of $ 9 7 0 , 0 0 0 and cost of goods sold of $ 4 6 1 , 0

Dabble, Inc. has sales of $970,000 and cost of goods sold of $461,000. The firm had an average inventory of $41,000.
What is the length of the days' sales in inventory? (Use 365 days a year. Round your answer to 2 decimal places.)
Days' sales in inventory
days
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions