Misty Mountain Outfitters is a merchandiser of specialized fly fishing gear. Its cost of goods sold for
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Misty Mountain Outfitters is a merchandiser of specialized fly fishing gear. Its cost of goods sold for 2016 was $1,949,250, and sales were $2,986,800. The amount of merchandise on hand was $524,000, and total assets amounted to $3,086,350. Using this information, which of the following answers correctly states the average days in inventory ratio? Round to the nearest day.(Do not round your intermediate calculations.) |
62 days64 days98 days184 days
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