Question: Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during the year

Based on the following data for the current year,

Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during the year $1,273.797 Average Daily Cost of merchandise sold $ 2,495 Accounts receivable, beginning of year S 102.087 Accounts receivable, end of year S 98,141 Inventory, beginning of year $ 141,500 Inventory, end of year 132.000 A. 54.8 69 OB. 45.3 OC.24.7 OD. 29.0

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 General Management Questions!