34 In the current year, a company reported cost of goods sold of $3,200,000 on its income statement. The company's beginning inventory balance was $160,000. During the year, the company purchased $3,250,000 of inventory. The company's ending inventory balance was $210,000. What was the company's average days to sell inventory for the year, rounded to two decimal places? 23.58 23.95 21.10 20.78 NEXT > BOOKMARK

34 In the current year, a company reported cost of goods sold of $3,200,000 on its income statement. The company's beginning inventory balance was $160,000. During the year, the company purchased $3,250,000 of inventory. The company's ending inventory balance was $210,000. What was the company's average days to sell inventory for the year, rounded to two decimal places? 23.58 23.95 21.10 20.78 NEXT > BOOKMARK

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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