Based on the following data for the current year, what is the number of days' sales in inventory?  Net sales on account during year P1,204,000  Cost of goods sold during year 657,000  Accounts receivable 120,000  Inventory 80,000  a. 66. 67 days c. 36.38 days  b. 44.44 days d. 24.25 days

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Q: The cost of goods sold was computed at P12.250. Total sales for the year were P42950. of which…

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Q: Inventory Analysis A company reports the following: Cost of merchandise sold $242,360 Average…

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Q: Inventory Turnover and Days' Sales in Inventory Financial statement data for years ending December…

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A: Step 1: Information givenBeginning Inventory = $7,650Net Cost of Purchases = $33,750Cost of Goods…

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Q: Inventory turnover and number of days’ sales in inventory Financial statement data for years ending…

A: The objective of the question is to calculate the inventory turnover and the number of days’ sales…

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A: Inventory Turnover = Cost of Goods SoldAverage Inventory   Number of days' sales in Inventory =…

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A: Inventory turnover is calculated by dividing the cost of goods sold by the average inventory.

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A: Inventory turnover = Cost of goods sold/Average inventory Average inventory = (Ending inventory +…

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A: Inventory Turnover = Cost of goods sold / Average Inventory Day's sales in inventory = 365 /…

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A:

Q: Question Content Area Based on the following data for the current year, what is the inventory…

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Q: Inventory Analysis The following data were extracted from the income statement of Keever Inc.:…

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Q: Inventory Analysis The following data were extracted from the income statement of Shriver Inc.:…

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Q: Inventory Analysis A company reports the following: Cost of goods sold $249,660 Average…

A:

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A: Formula used: Inventory turnover ratio = Cost of goods sold / Average Inventory Division of Average…