Question
Hospital AB disclosed the following information in its recent annual report: Year 1 Year 2 Cost of goods sold $16,000,000 $25,000,000 Beginning inventory 2,000,000 4,000,000
Hospital AB disclosed the following information in its recent annual report:
|
| Year 1 | Year 2 |
| Cost of goods sold | $16,000,000 | $25,000,000 |
| Beginning inventory | 2,000,000 | 4,000,000 |
| Ending inventory | 4,000,000 | 4,100,000 |
What is the companys inventory-on-hand period for Year 2?
A. 59.93 days
B. 62.52 days
C. 75.52 days
D. 93.52 days
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Financial Accounting For Undergraduates
Authors: Wallace
4th Edition
1618533088, 9781618533081
