Question
Easton Company had average inventory for the year of $640,000 and an inventory turnover ratio of 11.2.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 11.2.What was the company's Days Outstanding in Inventory.Assume a 365 day year.Round to one decimal place.
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Financial & Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
9781133607618, 978-1285868776
