Question
Scribble, Inc. has sales of $97,000 and cost of goods sold of $81,000. The firm had a beginning inventory of $27,000 and an ending inventory
Scribble, Inc. has sales of $97,000 and cost of goods sold of $81,000. The firm had a beginning inventory of $27,000 and an ending inventory of $29,000. What is the length of the days' sales in inventory? (Round your answer to 2 decimal places.)
121.67 days
130.68 days
109.12 days
101.60 days
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
2nd Edition
0073530638, 9780073530635
