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Gummybear Ltd had net credit sales of $7,500,000 and cost of goods sold of $4,500,000 for the year. The average inventory for the year amounted
Gummybear Ltd had net credit sales of $7,500,000 and cost of goods sold of $4,500,000 for the year. The average inventory for the year amounted to $1,500,000. The days sales in inventory during the year was.....
122 days.
73 days.
219 days.
49 days.
I believe it is 122 days but please explain.. Thank you
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