During 2021, Bismuth Cartridge Corporation had an average daily cost of goods sold of $13 million,...

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During 2021, Bismuth Cartridge Corporation had an average daily cost of goods sold of $13 million, average accounts receivable of $91 million, average inventory of $104 million. What was Bismuth's average age of inventory for the year? During 2021, Bismuth Cartridge Corporation had an average daily cost of goods sold of $13 million, average accounts receivable of $91 million, average inventory of $104 million. What was Bismuth's average age of inventory for the year?

Answer rating: 100% (QA)

To calculate the average age of inventory we need to divide th... View the full answer