Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ottawa, Inc. provides the following data: 2019 $21,000 Cash 38,000 53,000 120,000 $232,000 2018 $19,000 38,000 26,000 96,000 $179,000 Accounts Receivable, Net Merchandise Inventory Property,

image text in transcribed
image text in transcribed
Ottawa, Inc. provides the following data: 2019 $21,000 Cash 38,000 53,000 120,000 $232,000 2018 $19,000 38,000 26,000 96,000 $179,000 Accounts Receivable, Net Merchandise Inventory Property, Plant, and Equipment, Net Total Assets For the year ending December 31, 2019 Net Credit Sales $260.000 Cost of Goods Sold (150.000) O A. 63.27 OB. 128.97 O C. 96.05 OD. 55.45 38.000 53,000 120,000 $232.000 38.000 26.000 96,000 $179.000 Accounts Receivable. Net Merchandise Inventory Property. Plant, and Equipment, Net Total Assets For the year ending December 31, 2019 Net Credit Sales $260 000 Cost of Goods Sold (150.000) Gross Profit $110.000 Calculate the days' sales in inventory for 2019. (Use 365 days for any calculations. Round any intermediate calculations and your final answer to two decimal places) O A 63 27 OB 128.97 OC. 96.05 OD 55 45

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_2

Step: 3

blur-text-image_3

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

Advanced Financial Accounting

Authors: Theodore Christensen, David Cottrell, Cassy Budd

12th Edition

1260165116, 9781260165111

More Books

Students also viewed these Accounting questions

Question

What is a personnel action form?

Answered: 1 week ago