Question
The following amounts relate to ABC Inc. Inventory, December 31, year 1, debit balance 90000 Inventory, December 31, year 2, debit balance 90000 Net Sales
The following amounts relate to ABC Inc.
Inventory, December 31, year 1, debit balance 90000
Inventory, December 31, year 2, debit balance 90000
Net Sales for year 2 1100000
Gross margin for year 2 896000
Calculate the average days in inventory.
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Core Concepts Of Accounting Information Systems
Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette
1st Canadian Edition
1118738101, 978-1118738108
