Question
Easton Company had average inventory for the year of $640,000 and an inventory turnover ratio of 12.0.What was the company's Days Outstanding in Inventory.Assume a
Easton Company had average inventory for the year of $640,000 and an inventory turnover ratio of 12.0.What was the company's Days Outstanding in Inventory.Assume a 365 day year.Round to one decimal place.
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Financial Accounting
Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad
2nd Canadian edition
133375536, 9780133845396, 133845397, 978-0133375534
