Question
Roberts Department Store had net credit sales of $9,000,000 and cost of goods sold of $6,000,000 for the year. The average inventory for the year
Roberts Department Store had net credit sales of $9,000,000 and cost of goods sold of $6,000,000 for the year. The average inventory for the year amounted to $2,500,000. The average days in inventory during the year was approximately
| A. | 101 days. |
| B. | 114 days. |
| C. | 122 days. |
| D. | 152 days. |
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Accounting Information Systems
Authors: Robert Hurt
4th Edition
78025885, 78025884, 9781259293795 , 978-0078025884
