A company has $72,500 in inventory at the beginning of the accounting period and $65,500 at the end of the accounting period. Sales revenue is $986,400, cost of goods sold is $572,700, and net income is $124,200 for the accounting period. On average, this company has inventory on hand for approximately: Multiple Choice 203 days. 44 days. 61 days. 26 days.

A company has $72,500 in inventory at the beginning of the accounting period and $65,500 at the end of the accounting period. Sales revenue is $986,400, cost of goods sold is $572,700, and net income is $124,200 for the accounting period. On average, this company has inventory on hand for approximately: Multiple Choice 203 days. 44 days. 61 days. 26 days.

Name: A company has $72,500 in inventory at the beginning of the accounting
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Description: A company has $72,500 in inventory at the beginning of the accounting period and $65,500 at the end of the accounting period. Salesrevenue is $986,400, cost of goods sold is $572,700, and net income is $124,200 for the accounting period. On average,

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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