Question
Q: A company had annual cost of goods sold for calendar year 2021 of $85,000 Revenues were $200.000. The inventory balance on 12/31/2021 was $19.000
Q: A company had annual cost of goods sold for calendar year 2021 of $85,000 Revenues were $200.000. The inventory balance on 12/31/2021 was $19.000 The balance on 12/31/2020 was $16,000 What is the company's days sales in inventory for 20212 (Hint recall that the inventory turnover ratio for this set of data is 5.0.)
(Please select only one best answer)
A. 73
0 B. 82
O C. 70
O D. 76
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Sampling Theory In The Auditing Of Nuclear Materials Accountancy Statistical Modeling Of Accountancy And Audit
Authors: Dictus
1st Edition
3844365427, 978-3844365429
