Question
The following balance sheet information is provided for Patton Company: Assets Year 2 Year 1 Cash $2,600 $2,200 Accounts receivable $12,100 $14,100 Inventory $22,500 $29,500
The following balance sheet information is provided for Patton Company: Assets Year 2 Year 1 Cash $2,600 $2,200 Accounts receivable $12,100 $14,100 Inventory $22,500 $29,500 Assuming Year 2 cost of goods sold is $366,000, what are the company's average days to sell inventory? (Use 365 days in a year. Do not round your intermediate calculations.)
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
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