Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SC 32. Question 32 (of 50) The following balance sheet information is provided for Paris Company Save & Ex Sub Assets Cash Accounts receivable

image text in transcribed

SC 32. Question 32 (of 50) The following balance sheet information is provided for Paris Company Save & Ex Sub Assets Cash Accounts receivable Inventory 2014 2013 4,400 4,000 13,900 $40,500 15,900 47,500 Assuming 2014 cost of goods sold is $384,000, what is the company's average days to sell inventory? (Use 365 days in a year. Do not round intermediate calculations. Round your final answer to 1 decimal place.) O 418 days O38.5 days O 45.2 days O 9.5 days @ 2 #3 80 B Q W E C 54 MacBook Air % 85 A 6 &7 R T Y U F G H # 711 16 8 MW 19 K K 1 0 P

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

Step: 3

blur-text-image

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

Study Guide With Working Papers, Chapters 1-9 For Heintz/Parrys College Accounting

Authors: James A. Heintz, Robert W. Parry

21st Edition

1285059379, 9781285059372

More Books

Students also viewed these Accounting questions