Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Time left 1 : 1 1 : 0 3 The LSUS Corporation has accounts receivable of $ 4 2 , 3 0 0 , inventory

Time left 1:11:03
The LSUS Corporation has accounts receivable of $42,300, inventory of $61,200, sales of $544,200, and cost of goods sold of $393,500. How many days, on average, does it take the firm to sell its inventory?
a.,56.77
b.74.92
c.80.46
d.93.08
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sustainable Value Creation An Inevitable Challenge To Business And Society

Authors: Teun Wolters

1st Edition

3031353501, 978-3031353505

More Books

Students also viewed these Finance questions

Question

9. Acquire group actions history data.

Answered: 1 week ago

Question

Evaluate three pros and three cons of e-prescribing

Answered: 1 week ago