(a2) Calculate days in inventory for Kingbird, Inc. for 2017, 2018, and 2019. (Round answers to 1 decimal place, e.g. 1.5. Us 2017 2018 2019 Days in inventory days days days
(a2) Calculate days in inventory for Kingbird, Inc. for 2017, 2018, and 2019. (Round answers to 1 decimal place, e.g. 1.5. Us 2017 2018 2019 Days in inventory days days days
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
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![This information is available for Kingbird, Inc. for 2017, 2018, and 2019.
2017
2018
2019
Beginning inventory
$ 106,000
$ 318,500
$ 410,000
Ending inventory
318,500
410,000
470,000
Cost of goods sold
894,000
1,127,500
1,292,500
Net sales
1,206,500
1,608,500
1,907,500
> (al)
▼ (a2)
Calculate days in inventory for Kingbird, Inc. for 2017, 2018, and 2019. (Round answers to 1 decimal place, e.g. 1.5. Us
2017
2018
2019
Days in inventory
days
days
days](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcb3af670-7608-4741-9a5b-06b7480209a8%2F2d761adb-d091-42c8-a3a0-f23b72ea21da%2Ftxf8j6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:This information is available for Kingbird, Inc. for 2017, 2018, and 2019.
2017
2018
2019
Beginning inventory
$ 106,000
$ 318,500
$ 410,000
Ending inventory
318,500
410,000
470,000
Cost of goods sold
894,000
1,127,500
1,292,500
Net sales
1,206,500
1,608,500
1,907,500
> (al)
▼ (a2)
Calculate days in inventory for Kingbird, Inc. for 2017, 2018, and 2019. (Round answers to 1 decimal place, e.g. 1.5. Us
2017
2018
2019
Days in inventory
days
days
days
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