A retail store reports net sales of $4,800,000, cost of goods sold of $2,880,000, and average inventory of $144,000. Calculate the days sales in inventory. A) 18.3 B) 22.4 C) 18.25 D) 15.6

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
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Problem 46E
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Calculate the days sales in inventory?

A retail store reports net sales of $4,800,000, cost of goods sold of $2,880,000,
and average inventory of $144,000. Calculate the days sales in inventory.
A) 18.3
B) 22.4
C) 18.25
D) 15.6
Transcribed Image Text:A retail store reports net sales of $4,800,000, cost of goods sold of $2,880,000, and average inventory of $144,000. Calculate the days sales in inventory. A) 18.3 B) 22.4 C) 18.25 D) 15.6
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