A company generated gross profit of $35,700 on sales of $89,900. The company has average accounts receivable of $22,800, average inventory of $5,000, and average accounts payable of $12,600. Calculate [i] days inventory outstanding and [ii] days payables outstanding.

A company generated gross profit of $35,700 on sales of $89,900. The company has average accounts receivable of $22,800, average inventory of $5,000, and average accounts payable of $12,600. Calculate [i] days inventory outstanding and [ii] days payables outstanding.

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i Days Inventory Outstanding DIO 1 Calculate Cost of Go... View the full answer