Question
The following information was available for Sheffield Corp. at December 31, 2017: beginning inventory $92000; ending inventory $120000; cost of goods sold $616000; and sales
The following information was available for Sheffield Corp. at December 31, 2017: beginning inventory $92000; ending inventory $120000; cost of goods sold $616000; and sales $824000. Sheffield days in inventory (rounded) in 2017 was
| 54.5 days. |
| 71.6 days. |
| 62.9 days. |
| 46.8 days. |
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
