Question
Stoney Brooke, Inc., has sales of $970,000 and cost of goods sold of $661,200. The firm had a beginning inventory of $36,000 and an ending
Stoney Brooke, Inc., has sales of $970,000 and cost of goods sold of $661,200. The firm had a beginning inventory of $36,000 and an ending inventory of $51,000. What is the length of the inventory period? Assume 365 days per year.
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th Edition
0321374215, 9780321374219
