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? Net sales on account during year $553,410 Cost of goods sold during year 160,277 Accounts receivable, beginning of year 45,486 Accounts receivable, end of year 54,805 Inventory, beginning of year 31,985 Inventory, end of year 42,276 Do not round interim calculations. Round your final answer up to the nearest whole day. Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during year $553,410 Cost of goods sold during year 160,277 Accounts receivable, beginning of year 45,486 Accounts receivable, end of year 54,805 Inventory, beginning of year 31,985 Inventory, end of year 42,276 Do not round interim calculations. Round your final answer up to the nearest whole day.
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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