In 2022 Georgetown Inc. had a cost of goods sold of $20 million and sales of $30 million. At the end of the year, its inventory was $4 million and its accounts receivable were $3 million. On average, how many days did the company product spend in inventory before being sold, in 2022?

Answer rating: 100% (QA)

To calculate the number of days it took for Georgetown Inc to sell its inventory we need to use the ... View the full answer