Consider the following information for a company: Sales (all credit): $6,000,000; Cost of Goods Sold: 80%...

Transcribed Image Text:

Consider the following information for a company: Sales (all credit): $6,000,000; Cost of Goods Sold: 80% of Sales; Accounts receivable: $350,000; Inventory: $600,000; Accounts payable: $150,000 What is the approximate Days of Sales in Inventory? Use 1 year = 365 days Consider the following information for a company: Sales (all credit): $6,000,000; Cost of Goods Sold: 80% of Sales; Accounts receivable: $350,000; Inventory: $600,000; Accounts payable: $150,000 What is the approximate Days of Sales in Inventory? Use 1 year = 365 days

Answer rating: 100% (QA)

the Days of Sales in Inventory DSI is approximately 4562 days MetricValue Days of Sales in Inv... View the full answer