Question: Agnes Company reported the following data: Quick assets $55,000 Current assets 150,000 Total liabilities 300,000 Average net receivables 12,600 Beginning inventory 38,000 Long-term liabilities 200,000

Agnes Company reported the following data: Quick assets $55,000 Current assets 150,000 Total liabilities 300,000 Average net receivables 12,600 Beginning inventory 38,000 Long-term liabilities 200,000 Net credit sales 126,000 Cost of goods sold 84,000 Ending inventory 46,000 What was the average days supply in inventory?

A. 165.9

B. 202.7

C. 182.5

D. 121.7

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

1. You are a LNC working for a criminal defense attorney. The case that you are working on involves defending a local physician who is alleged to have been diluting and adulterating medications...

Agnes Company reported the following data: Quick assets Current assets Total liabilities Average net receivables Beginning inventory Long-term liabilities Net credit sales Cost of goods sold Ending...

Agnes Company reported the following data:. Quick assets $53,000 Current assets 148,000 Total liabilities 298,000 Average net receivables 13,800 Beginning inventory 36,000 Long-term liabilities...

Agnes Company reported the following data:. Quick assets $46,000 Current assets 141,000 Total liabilities 291,000 Average net receivables 14,500 Beginning inventory 29,000 Long-term liabilities...

Agnes Company reported the following data:. Quick assets $60,000 Current assets 155,000 Total liabilities 305,000 Average net receivables 13,100 Beginning inventory 43,000 Long-term liabilities...

Agnes Company reported the following data:. Quick assets $58,000 Current assets 153,000 Total liabilities 303,000 Average net receivables 12,900 Beginning inventory 41,000 Long-term liabilities...

Agnes Company reported the following data: Quick assets $55,000 Current assets 150,000 Total liabilities 300,000 Average net receivables 12,600 Beginning inventory 38,000 Long-term liabilities...

Agnes Company reported the following data: Quick assets $ 63,000 Current assets 158,000 Total liabilities 308,000 Average net receivables 13,400 Beginning inventory 46,000 Long-term liabilities...

Agnes Company reported the following data: Quick assets $ 47,000 Current assets 142,000 Total liabilities 292,000 Average net receivables 14,400 Beginning inventory 30,000 Long-term liabilities...

Q5) (Threads) What could the output of the concurrent (threaded) execution of process A and process B be? (State all possible outputs) Process A Process B int x = 0; int y = 0; while (x == 0) {do...

Can a simple graph exist with 15 vertices each of degree five?

A U . S . firm has a debt obligation of 2 0 1 million payable in one year. The current spot rate is 1 1 5 per U . S . dollar and the one - year forward rate is 1 0 9 per U . S . dollar. Additionally,...

Case 1 . 1 , Questions 1 & 2 1 . Complete the following statements by filling in the blanks with either moral or nonmoral ( e . g . , factual, scientific, legal ) : a . Whether or not dumping should...

General Purpose of Your Speech Analyzing Your Audience

Describe the power of public speaking and how preparation eases natural nervousness Identify the purpose of your speech Conduct audience analysis

Ethical Speaking: Taking Responsibility for Your Speech?