Question
During the current year, Carl Equipment Stores had net sales of $540 million, a cost of goods sold of $264 million, average accounts receivable of
During the current year, Carl Equipment Stores had net sales of $540 million, a cost of goods sold of $264 million, average accounts receivable of $64 million, and average inventory of $44 million.
rev: 03_18_2019_QC_CS-163003
Assuming a 365-day year, the average number of days required for Carl Equipment to sell its inventory is:
182.5days.
89.0days.
30.4days.
60.8days.
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Accounting Information Systems Controls and Processes
Authors: Leslie Turner, Andrea Weickgenannt, Mary Kay Copeland
3rd edition
1119329566, 1119329565, 1119386179, 1119302110, 9781119302117 , 978-1119329565
