Question
South Texas Trucking Inc. provides the following year end data: 20192018 Cash$54,000$28,000 Accounts Receivable40,00038,000 Merchandise Inventory70,00027,000 Property, Plant & Equip109,00093,000 Sales Revenue$370,000 Cost of Goods
South Texas Trucking Inc. provides the following year end data:
20192018
Cash$54,000$28,000
Accounts Receivable40,00038,000
Merchandise Inventory70,00027,000
Property, Plant & Equip109,00093,000
Sales Revenue$370,000
Cost of Goods Sold140,000
Gross Profit130,000
Calculate days' sales in inventory for 2019?
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College Accounting Chapters 1-27
Authors: James A. Heintz, Robert W. Parry
23rd edition
1337794759, 978-1337794756
