138.Swifty Corporation had net credit sales of $13025000 and cost of goods sold of $9436000 for the year. The average inventory for the year amounted to $1492000. The average days in inventory during the year was approximately a. 58 days. b. 42 days. c. 266 days. d. 124 days.

138.Swifty Corporation had net credit sales of $13025000 and cost of goods sold of $9436000 for the year. The average inventory for the year amounted to $1492000. The average days in inventory during the year was approximately a. 58 days. b. 42 days. c. 266 days. d. 124 days.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

138.Swifty Corporation had net credit sales of $13025000 and cost of goods sold of $9436000 for the year.
The average inventory for the year amounted to $1492000. The average days in inventory during the year
was approximately
a. 58 days.
b. 42 days.
c. 266 days.
d. 124 days.

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