Question
The following information relates to five questions so keep your calculations. Consider the following financial statement information for a firm. Item Beginning Ending Inventory $8,732
The following information relates to five questions so keep your calculations. Consider the following financial statement information for a firm.
| Item | Beginning |
| Ending |
| Inventory | $8,732 |
| $9,418 |
| Accounts Receivable | $3,721 |
| $4,162 |
| Accounts Payable | $4,384 |
| $4,791 |
| Net Sales (all on credit) |
| $138,503 |
|
| Cost of Goods Sold |
| $86,313 |
|
What is the firms inventory period in days?
Group of answer choices
19.4
29.4
38.4
48.8
10.4
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Payroll Accounting 2021
Authors: Bernard J. Bieg, Judith A. Toland
31st Edition
0357358287, 9780357358283
