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Account Company X Company Y Company Z Cost of goods sold $4,590,000 $9,292,500 $7,098,000 $803,600 Inventory $674,000 $917,000 What is the average number of days to sell Inventory for Company Y? (Do not round your intermediate calculations.) Multiple Choice 41.3 36.0 53.6 10.1

Account Company X Company Y Company Z Cost of goods sold $4,590,000 $9,292,500 $7,098,000 $803,600 Inventory $674,000 $917,000 What is the average number of days to sell Inventory for Company Y? (Do not round your intermediate calculations.) Multiple Choice 41.3 36.0 53.6 10.1

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Account Company X Company Y Company Z Cost of goods sold $4,590,000 $9,292,500 $7,098,000 Inventory $674,000 $917,000 $803,600 What is the average number of days to sell inventory for Company Y? (Do not round your intermediate calculations.) Multiple Choice O 41.3 36.0 53.6 10.1
Transcribed Image Text:Account Company X Company Y Company Z Cost of goods sold $4,590,000 $9,292,500 $7,098,000 Inventory $674,000 $917,000 $803,600 What is the average number of days to sell inventory for Company Y? (Do not round your intermediate calculations.) Multiple Choice O 41.3 36.0 53.6 10.1
Misty Mountain Outfitters is a merchandiser of specialized fly fishing gear. Its cost of goods sold for Year 2 was $295.000, and sales were $690,000. The amount of merchandise on hand was $50.000, and total assets amounted to $585.000. What is the average number of days to sell inventory? (Round to the nearest day.) Multiple Choice ο ο ο Ο 26 days 31 days 40 days 62 days
Transcribed Image Text:Misty Mountain Outfitters is a merchandiser of specialized fly fishing gear. Its cost of goods sold for Year 2 was $295.000, and sales were $690,000. The amount of merchandise on hand was $50.000, and total assets amounted to $585.000. What is the average number of days to sell inventory? (Round to the nearest day.) Multiple Choice ο ο ο Ο 26 days 31 days 40 days 62 days
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