Sales are $75,000, cost of goods sold is $35,000 and inventory is $5,000. What is the number
Fantastic news! We've Found the answer you've been seeking!
Question:
Sales are $75,000, cost of goods sold is $35,000 and inventory is $5,000. What is the number of days' sales in inventory?
A. 7 days
B. 15 days
C. 24 days
D. 52 days
E. 59 days
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
Posted Date: