Use the information below for Tesla to answer the requirements.

1. Compute days’ sales in work in process inventory for the current year. Round to the nearest day.

2. If the company’s work in process inventory were 5% lower, by how many days would days’ sales in work in process inventory be reduced? Round to the nearest day.

3. If the company’s cost of goods sold were 12% higher, by how many days would days’ sales in work in process inventory be reduced? Round to the nearest day.

Transcribed Image Text:

S thousands Work in process at year-end.... Cost of goods sold for the year Current Year $ 233,476 4,453,776