Question
TelLabs Company has sales of $3,060,000. The cost of goods sold is equal to 70 percent of sales. The company has an average inventory of
TelLabs Company has sales of $3,060,000. The cost of goods sold is equal to 70 percent of sales. The company has an average inventory of $450,000. How many days on average does it take the company to sell its inventory? 101.15 days 94.06 days 88.57 days 81.12 days 76.68 days
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
