Question
Sugar, Inc. sells $549,300 of goods during the year that have a cost of $438,600. Inventory was $30,183 at the beginning of the year and
Sugar, Inc. sells $549,300 of goods during the year that have a cost of $438,600. Inventory was $30,183 at the beginning of the year and $34,438 at the end of the year. How long on average does it take to sell something from inventory after it is purchased? (Use 365 days in a year. Do not round your intermediate calculations. Round your final answer to one decimal place.)
Multiple Choice
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13.6 days
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107.4 days
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21.5 days
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26.9 days
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Authors: Tom Litton, Poppy Behrens, Erica Shatzer, George Bernal
1st Edition
0977157814, 978-0977157815
