Refer to the financial information of Alpha Ltd below and assume 360 days per year in...
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Refer to the financial information of Alpha Ltd below and assume 360 days per year in your calculation. What were the average days to sell inventory for 2019 and 2020 respectively? A lpha Ltd. Financial year end of: ($'000) 2020 2019 2018 Inventory 500 700 650 Accounts Receivable 200 500 450 Accounts Payable 200 300 250 Sales 2,000 2,500 2,200 Cost of Goods Sold 1,600 2,000 1,750 а. 122 and 135 b. 120 and 140 C. 108 and 97 d. 113 and 126 Refer to the financial information of Alpha Ltd below and assume 360 days per year in your calculation. What were the average days to sell inventory for 2019 and 2020 respectively? A lpha Ltd. Financial year end of: ($'000) 2020 2019 2018 Inventory 500 700 650 Accounts Receivable 200 500 450 Accounts Payable 200 300 250 Sales 2,000 2,500 2,200 Cost of Goods Sold 1,600 2,000 1,750 а. 122 and 135 b. 120 and 140 C. 108 and 97 d. 113 and 126
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Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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