Question: Use the following data to answer Questions 13 through 19. (Answers may be rounded off.) Alpha Company Sales 6000 Cost of goods sold 3500 Average

Use the following data to answer Questions 13 through 19. (Answers may be rounded off.) Alpha Company Sales 6000 Cost of goods sold 3500 Average Inventories 620 Accounts receivable 450 Working capital. Cash 740 200| Accounts payable 550 Fixed assets 4680 Total assets 5900 Annual purchases 2300 I 14. Alpha's average inventory processing period is: a. 67 days. b. 49 days. c. 65 days. d. 78 days
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