Question
Selected information from the accounting records of Dalton Company is as follows: Net sales $1,800,000 COGS 1,200,000 Inventory at January 1 336,000 Inventory at December
Selected information from the accounting records of Dalton Company is as follows:
| Net sales | $1,800,000 |
| COGS | 1,200,000 |
| Inventory at January 1 | 336,000 |
| Inventory at December 31 | 288,000 |
Assuming a 365-day year, what is the average days sales in inventory for the year ending December 31?
A.58
B.63
C.88
D.95
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Mathematical Interest Theory
Authors: Leslie Jane, James Daniel, Federer Vaaler
3rd Edition
147046568X, 978-1470465681
