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Suppose that Ivanhoe International Ltd. had the following records: 2025 2024 Ending inventory $48650 $27490 Cost of goods sold 222100 210890 What is Ivanhoe's
Suppose that Ivanhoe International Ltd. had the following records: 2025 2024 Ending inventory $48650 $27490 Cost of goods sold 222100 210890 What is Ivanhoe's average days in inventory for 2025? (rounded to one decimal place) (Use 365 days for calculation. Round calculations to 1 decimal place, e.g. 12.1.)
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To calculate Average Days in Inventory we can use the following formula Averag...
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