Question
Selected information from the accounting records of Ellison Manufacturing lows: Net sales ............................................. $3,600,000 Cost of goods sold .................................... 2,400,000 Inventories at January 1 .............................
Selected information from the accounting records of Ellison Manufacturing lows:
| Net sales ............................................. | $3,600,000 |
| Cost of goods sold .................................... | 2,400,000 |
| Inventories at January 1 ............................. | 672,000 |
| Inventories at December 31 ............................ | 576,000 |
What is the number of days' sales in average inventories for the year?
|
| 102.2 | |
|
| 94.9 | |
|
| 87.6 |
|
| 68.1 |
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Accounting For Governments From Budget To Audit How Governments Plan Raise Spend And Then Account For Their Use Of Citizens Money In The 21st Century
Authors: Michael Parry, Jesse Hughes
1st Edition
1092763112, 978-1092763110
