Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Tinker's cost of goods sold in the year of sale (2019) was $770,000 and 2018 cost of goods sold was $790,000. The inventory at the

image text in transcribed

Tinker's cost of goods sold in the year of sale (2019) was $770,000 and 2018 cost of goods sold was $790,000. The inventory at the end of 2019 was $190,000 and at the end of 2018 the inventory was $210,000. 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 0 92.41 days 0 97.03 days 0 90.06 days 0 94.81 days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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