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Misty Mountain Outfitters is a merchandiser of specialized fly fishing gear. Its cost of goods sold for 2016 was $2,062,700, and sales were $3,141,580. The
Misty Mountain Outfitters is a merchandiser of specialized fly fishing gear. Its cost of goods sold for 2016 was $2,062,700, and sales were $3,141,580. The amount of merchandise on hand was $559,000, and total assets amounted to $3,236,600. 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.) |
63 days99 days65 days189 days
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