Question: Agnes Company reported the following data:. Quick assets $50,000 Current assets 145,000 Total liabilities 295,000 Average net receivables 14,100 Beginning inventory 33,000 Long-term liabilities

Agnes Company reported the following data:. Quick assets $50,000 Current assets 145,000 Total liabilities 295,000 Average net receivables 14,100 Beginning inventory 33,000 Long-term liabilities 195,000 Net credit sales 121,000 Cost of goods sold 79,000 Ending inventory 41,000 What was the average number of days to sell inventory? (Round intermediate computations to two decimal places. Assume 365 days in a year.)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
