Question
Slick Sealants has net sales of $285,000, cost of goods sold of $112,000, and average inventory of $41,000 for the year. What is the companys
Slick Sealants has net sales of $285,000, cost of goods sold of $112,000, and average inventory of $41,000 for the year. What is the companys average days in inventory assuming a 365-day year? Round your answer to two decimal places. Please do not put dollar signs nor words in your answer, only the number.
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
5th edition
978-1259317552, 1259317552, 978-0078025600, 78025605, 978-1259335013, 1259335011, 978-1259347641
