Question
Sugar, Inc. sells $849,300 of goods during the year that have a cost of $588,600. Inventory was $31,683 at the beginning of the year and
Sugar, Inc. sells $849,300 of goods during the year that have a cost of $588,600. Inventory was $31,683 at the beginning of the year and $35,938 at the end of the year. How long on average does it take to sell something from inventory after it is purchased?
a.)14.5 days
b.)17.4 days
c.)21 days
d.)47.4 days
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Financial Accounting An International Introduction
Authors: David Alexander, Prof Christopher Nobes, Chris W. Nobes
4th Edition
027372164X, 978-0273721642
