Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need answer ASAP!!!! Question 25 1 pts KK Ltd. revealed the following information for the years ended December 31, 2019 and 2020 2020 20191 Inventory

image text in transcribed
Need answer ASAP!!!!
Question 25 1 pts KK Ltd. revealed the following information for the years ended December 31, 2019 and 2020 2020 20191 Inventory 520,000 425,000 Net Credit Sales 2,500,000 2.355,000 COGS 1,750,000 1.554,300 KK Enterprise's credit terms are net 30 days. On average, how many days does it take KK Enterprise Ltd's to sell their inventory in 2020? 100 days 99 days 69 days 108 days Next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Guide To The Implementation And Auditing Of ISMS Controls Based On ISO/IEC 27001

Authors: Edward Humphreys

1st Edition

0580829103, 978-0580829109

More Books

Students also viewed these Accounting questions