Question: 144. i need help with this problem for my corporate finace class. It would be much appriected if you can show me how you got
Your company had $13 million in sales last year. Its cost of goods sold was $9.1 million and its average inventory balance was $1,200,000. What was its average days of inventory? (Hint: Use a 365-day year) The average days of inventory was days. (Round to two decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
