Question
JC Penney has sales of $897,400 , costs of goods sold of $628,300 , inventory of $208,400 , and accounts receivable of $74,100 . How
JC Penney has sales of
$897,400, costs of goods sold of
$628,300, inventory of
$208,400, and accounts receivable of
$74,100. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?\ 84.76 days\ 121.07 days\ 74.19 days\ 151.21 days\ 138.46 days
JC Penney has sales of $897,400, costs of goods sold of $628,300, inventory of $208,400, and accounts receivable of $74,100. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit? 84.76 days 121.07 days 74.19 days 151.21 days 138.46 days
JC Penney has sales of
$897,400, costs of goods sold of
$628,300, inventory of
$208,400, and accounts receivable of
$74,100. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?\ 84.76 days\ 121.07 days\ 74.19 days\ 151.21 days\ 138.46 days
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
11th Edition
0321357965, 978-0321357960
