Question
South Texas Trucking Inc. provides the following year end data: 2018 2017 Cash $54,000 $28,000 Accounts Receivable 40,000 38,000 Merchandise Inventory 70,000 27,000 Property, Plant
South Texas Trucking Inc. provides the following year end data:
2018 2017
Cash $54,000 $28,000
Accounts Receivable 40,000 38,000
Merchandise Inventory 70,000 27,000
Property, Plant & Equip. 109,000 93,000
Sales Revenue $370,000
Cost of Goods Sold 140,000
Cost Profit 130,000
Calculate days' sales in inventory for 2018
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ACCA Advanced Audit And Assurance
Authors: Nick Blackwell, Annabel Lefton, Emile Woolf International
1st Edition
1848434715, 978-1848434714
