Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sow Tire, Inc. has sales of $1,445,000 and cost of goods sold of $1,245,000. The firm had an average inventory of $96,500 and an ending

image text in transcribed

Sow Tire, Inc. has sales of $1,445,000 and cost of goods sold of $1,245,000. The firm had an average inventory of $96,500 and an ending inventory of $79,500. What is the length of the days' sales in inventory? (Use 365 days a year. Round your answer to 2 decimal places.) Days' sales in inventory days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bitcoin Cash What You Need To Know About Bch

Authors: Alexander O. M.

1st Edition

1976721229, 978-1976721229

More Books

Students also viewed these Finance questions