Question: Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during year Cost
Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year Do not round interim calculations. Round your final answer up to the nearest whole day. $505,824 174,769 40,858 54,849 36,906 43,216 Select the correct answer 84 days 4 days 365 days 100 days
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
