Silicon Valley Company had a cost of goods sold for the year of $1,600,000. Merchandise inventory at the beginning of the year was $195,000 and merchandise inventory at the end of the year was $205,000. The average number of days that the inventory was held during the year was

• 25.0 days
• 39.6 days
• 54.6 days
• None of these answers are correct.
• 45.6 days
• 8.0 days

Answer rating: 100% (QA)

cost of goods sold 1600000 Merchandise inventory at the beginning 195000 merc... View the full answer