Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tinker's cost of goods sold in the year of sale ( 2 0 1 9 ) was $ 8 3 0 , 0 0 0

Tinker's cost of goods sold in the year of sale (2019) was $830,000 and 2018 cost of goods sold was $850,000. The inventory at the
end of 2019 was $196,000 and at the end of 2018 the inventory was $216,000. Tinker's average number of days to sell its inventory
during 2019 is closest to: (Use 365 days a year. Do not round intermediate calculations.)
Multiple Choice
92.75 days
86.19 days
90.59 days
88.46 days
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

Students also viewed these Accounting questions