Question
Eagle Sports had sales in 2018 of $1,750,000, cost of sales of $900,000, average accounts receivable of $600,000 and average inventory of $325,000. How many
Eagle Sports had sales in 2018 of $1,750,000, cost of sales of $900,000, average accounts receivable of $600,000 and average inventory of $325,000. How many days, on average, does it take Eagle Sports to sell its inventory assuming that all sales are on credit? Eagle Sports had sales in 2018 of $1,750,000, cost of sales of $900,000, average accounts receivable of $600,000 and average inventory of $325,000. How many days, on average, does it take Eagle Sports to sell its inventory assuming that all sales are on credit?
Please show all correct calculations. Thank You for your help.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started