Refer to the information in Exercise 17-9 and calculate the days sales in inventory for Furniture Retailers

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Refer to the information in Exercise 17-9 and calculate the days’ sales in inventory for Furniture Retailers and Custom Furniture Corp for 2023 (round to two decimal places). Which company has the more favourable ratio? Explain why.



Data From Exercise 17-9


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Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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