Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dabble, Incorporated 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

image text in transcribed

Dabble, Incorporated 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? Note: Use 365 days a year. Round your answer to 2 decimal places. Days' sales in inventory days

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

International Financial Management

Authors: Cheol S. Eun, Bruce G.Resnick

6th Edition

71316973, 978-0071316972, 78034655, 978-0078034657

More Books

Students also viewed these Finance questions