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Use the following information for Boxter, Inc., Clifford Company, Danforth Industries, and Evans Services to answer the question Using LIFO and assuming 365 days in
Use the following information for Boxter, Inc., Clifford Company, Danforth Industries, and Evans Services to answer the question “Using LIFO and assuming 365 days in the year, what is Boxter's days in inventory for 2022 (rounded to one decimal place)?" Only record the number. The word "days" do not have to be used.
(amounts in $ millions) Inventory Method for 2021 & 2022 2021 Ending inventory assuming LIFO 2021 Ending inventory assuming FIFO 2022 Ending inventory assuming LIFO 2022 Ending inventory assuming FIFO 2021 Current assets (reported on balance sheet) 2021 Current liabilities 2022 Current assets (reported on balance sheet) 2022 Current liabilities 2022 Cost of goods sold Boxter LIFO $324 $427 $436 $578 $1,677 $987 $2,225 $1,306 $4,678 Clifford FIFO N/A $535 N/A $612 $2,031 $1,209 $2,605 $1,410 $5,042 Danforth LIFO $225 $310 $167 $209 $1,308 $545 $1,100 $465 $3,000 Evans FIFO N/A $663 N/A $542 $2,748 $1,200 $2,390 $1,000 $7,000
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