Based on the following data for the current year, what is the number of days' sales in inventory? Assume 365-day year. Sales on account during year $501,145 Cost of goods sold during year 211,416 Accounts receivable, beginning of year 41,636 Accounts receivable, end of year 49,650 Inventory, beginning of year 34,506 Inventory, end of year 39,238 Do not round interim calculations. Round your final answer up to the nearest whole day. Ca. 64 Ob. 365 Oc. 6 Od. 79

Based on the following data for the current year, what is the number of days' sales in inventory? Assume 365-day year. Sales on account during year $501,145 Cost of goods sold during year 211,416 Accounts receivable, beginning of year 41,636 Accounts receivable, end of year 49,650 Inventory, beginning of year 34,506 Inventory, end of year 39,238 Do not round interim calculations. Round your final answer up to the nearest whole day. Ca. 64 Ob. 365 Oc. 6 Od. 79

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

Problem 1PS

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