Question
L-Mart reports the following annual financial statement information: 2021 2020 2019 Inventory 12,300 12,100 11,800 Sales revenue 64,000 62,000 56,000 Cost of goods sold 46,864
L-Mart reports the following annual financial statement information:
| 2021 | 2020 | 2019 | |
| Inventory | 12,300 | 12,100 | 11,800 |
| Sales revenue | 64,000 | 62,000 | 56,000 |
| Cost of goods sold | 46,864 | 43,611 | 39,200 |
Calculate the days sales in inventory ratio. Use average inventory in the calculation.
By how many days did L-Mart's "days sales in inventory" ratio change from 2020 to 2021?
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Night Comes To The Cumberlands A Biography Of A Depressed Area
Authors: Harry M. Caudill
1st Edition
1334682070, 978-1334682070
