Question
Days' sales in inventory is calculated as: A) Ending inventory divided by cost of goods sold times 365. B) Cost of goods sold divided by
Days' sales in inventory is calculated as:
A) Ending inventory divided by cost of goods sold times 365.
B) Cost of goods sold divided by ending inventory.
C) Ending inventory times cost of goods sold. D) Ending inventory divided by cost of goods sold.
E) Cost of goods sold divided by ending inventory times 365.
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Financial Accounting A Global Perspective
Authors: Robert Libby, Patricia Libby, Daniel G Short
5th Edition
0071107746, 978-0071107747
