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Question 5 WalkerCo reported cost of goods sold of $980 million. Inventory at the beginning of the year was $56 million and at the end
Question 5
WalkerCo reported cost of goods sold of $980 million. Inventory at the beginning of the year was $56 million and at the end of the year $58 million. The LIFO reserve at the beginning of the year was $16 million and at the end of the year $20 million. Calculate the days' sales in inventory after including the adjustment for LIFO. Present your answer rounded to one decimal place, e.g., 23.4.
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