East Sand Company had the following amounts for 2021 and 2022. What was East Sand's days in inventory for 2021? The illustration is a table with four elements related to inventory and their related amounts for the years 2021 and 2022. The first column represents four elements: Sales revenue, Cost of goods sold, Beginning inventory, and Ending inventory. The second column represents the amounts for each of the elements in 2021. The third column represents the amounts for each of the elements in 2022. Sales revenue was $1,000,000 and $900,000 in the years 2021 and 2022, respectively. Cost of goods sold was 500,000 and 455,000 in the years 2021 and 2022, respectively. Beginning inventory was 145,000 and 105,000 in the years 2021 and 2022, respectively. Ending inventory was 105,000 and 25,000 in the years 2021 and 2022, respectively

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To calculate the days in inventory for 2021 we need to utilize th... View the full answer