Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following information regarding Oriole Company and Bramble Corp. to answer the question Which amount is equal to Oriole Company's days in inventory for

Use the following information regarding Oriole Company and Bramble Corp. to answer the question Which amount is equal to Oriole Company's "days in inventory" for 2022 (to the closest decimal place)? (Use 365 days for calculation.)

* Year Inventory Turnover Ending Inventory Oriole Company 2020 * $26540 * 2021 8.5 $30300 * 2022 8.2 $31300 * Bramble Corp. 2020 * $26120 * 2021 6.9 $25010 * 2022 7.3 $22790

50.0 days 52.9 days 44.5 days 42.9 days

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_2

Step: 3

blur-text-image_3

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

More Books

Students also viewed these Accounting questions

Question

2 What are the steps that can aid effective communication?

Answered: 1 week ago