Financial statement data for years ending December 31 for Holland Company follows: 20Y4 20Y3 Cost of merchandise
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Question:
20Y4 | 20Y3 | ||||||
Cost of merchandise sold | $4,504,500 | $3,715,200 | |||||
Inventories: | |||||||
Beginning of year | 788,000 | 760,000 | |||||
End of year | 850,000 | 788,000 |
Determine the days' sales in inventory for 20Y4 and 20Y3. Assume 365 days a year. Round interim calculations and final answers to one decimal place.
Days' Sales in Inventory | |
20Y4 | days |
20Y3 | days |
Related Book For
Accounting
ISBN: 978-1285743615
26th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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