Account Company X Company Y Company Z Cost of goods sold $4,270,000 $8,972,500 $6,778,000 Inventory $ 504,000 $ 747,000 $ 633,600 What is the average number of days to sell inventory for Company Y? Note: Do not round your intermediate calculations. Use 365 days in a year. Multiple Choice 43.1 30.4 34.1 12.0

Account Company X Company Y Company Z Cost of goods sold $4,270,000 $8,972,500 $6,778,000 Inventory $ 504,000 $ 747,000 $ 633,600 What is the average number of days to sell inventory for Company Y? Note: Do not round your intermediate calculations. Use 365 days in a year. Multiple Choice 43.1 30.4 34.1 12.0

Name: Account Company X Company Y Company Z Cost of goods sold $4,270,000$8
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Description: Account Company X Company Y Company Z Cost of goods sold $4,270,000$8,972,500 $6,778, 000 Inventory $ 504,000 $ 747,000 $ 633,600 What isthe average number of days to sell inventory for Company Y? Note: Do notround your intermediate calculations. Us

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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What is the average inventory at retail? [round off numbers] BOM EOM January $50,500 $53,400 February $52,900 $54,100 March $54,200 $55,800 April $53,300 S56,300 May $56,300 $57,500 June $53,900 $54,300 O $53,034 O $54,527 $54,573 $53,629
Inventory Analysis A company reports the following: Cost of merchandise sold $569,400 Average merchandise inventory 87,600 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a. Inventory turnover fill in the blank 1 b. Number of days' sales in inventory fill in the blank 2 days
igagenow.com/ilrn/takeAssignment/takeAssignmentMain.. A 3|企田 Chapter 10 Lab Application eBook Compute Altoona Company's (a) inventory turnover ratio and (b) number of days' sales in inventory ratio, using the following information. Use 365 days year. Round your intermediate calculations to 2 decimal places and final answers to 1 decimal place. Cost of Goods Sold $729,000 Beginning Inventory 51,000 Ending Inventory 75,000 (a) Inventory Turnover Ratio 11.5 (b) Number of Days' Sales in Inventory Ratio 37.5 Previous Next Check My Work 0 more Check My Work uses remaining. 10:03 P 3/31/20 acer