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last option is 52.00 days The following balance sheet Information is provided for Patton Company Assets Year 2 Year 1 Cash $2,500 $2,100 Accounts receivable
last option is 52.00 days
The following balance sheet Information is provided for Patton Company Assets Year 2 Year 1 Cash $2,500 $2,100 Accounts receivable $12,000 $14,000 Inventory $21,500 $28,500 Assuming Year 2 cost of goods sold is $365,000, what is the company's average days to sell Inventory? (Use 365 days in a year. Do not round your Intermediate calculations.) Multiple Choice 25.00 days 2150 days 28.50 days Step by Step Solution
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