Based on the following data for the current year, what is the number of days' sales...
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Based on the following data for the current year, what is the number of days' sales in inventory (rounded to one decimal place)? Assume 365 days a year. Sales on account during year $415,198 178,143 Cost of goods sold during year Accounts receivable, beginning of year 42,420 Accounts receivable, end of year 51,356 Inventory, beginning of year 34,024 Inventory, end of year 39,866 Oa. 69.7 Ob. 151.4 Oc. 75.7 Od. 81.7 Based on the following data for the current year, what is the number of days' sales in inventory (rounded to one decimal place)? Assume 365 days a year. Sales on account during year $415,198 178,143 Cost of goods sold during year Accounts receivable, beginning of year 42,420 Accounts receivable, end of year 51,356 Inventory, beginning of year 34,024 Inventory, end of year 39,866 Oa. 69.7 Ob. 151.4 Oc. 75.7 Od. 81.7
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Financial and Managerial Accounting
ISBN: 978-1285866307
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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