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Refer to the following selected financial information from Graceworks, Corp. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.)
Refer to the following selected financial information from Graceworks, Corp. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.)
| YEAR 2 | YEAR 1 | |
| MERCH INVENTORY | 274,000 | 256,500 |
| COST OF GOODS SOLD | 483,400 | 430,100 |
206.9.
232.5.
217.7
193.7
212.0
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds
10th Edition
126410068X, 9781264100682
