The company has sales of $897400, costs of goods sold of $628300, inventory of $208400, and...

 

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The company has sales of $897400, costs of goods sold of $628300, inventory of $208400, and accounts receivable of $74100. How many days, on average, does it take the firm to sell its inventory, assuming that all sales are on credit? The company has sales of $897400, costs of goods sold of $628300, inventory of $208400, and accounts receivable of $74100. How many days, on average, does it take the firm to sell its inventory, assuming that all sales are on credit?

Answer rating: 100% (QA)

Inventory turnover ratio Cost of goods sold Average inventory ... View the full answer