Question
For 2013 a company had Sales (all on credit) of $830,000 and Cost of Goods Sold (COGS) of $525,000. At the beginning of the year,
For 2013 a company had Sales (all on credit) of $830,000 and Cost of Goods Sold (COGS) of $525,000. At the beginning of the year, its Accounts Receivable were $80,000 and its Inventory was $100,000. At the end of the year, its Accounts Receivable were $86,000 and its Inventory was $110,000.
On average, how many days of sales were in Inventory during the year?
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AS Accounting For AQA
Authors: David Cox,Michael Fardon
2nd Edition
1905777140, 978-1905777143
