None Carlos Company had a beginning inventory of$80,000, an ending inventory of $110,000, a costof goods sold of $285,000, and a sales revenue of$475,000. What is Carlos' days in inventory?A) 102.5 daysB) 121.7 daysC) 84.5 daysD) 73 days

Step 1: Introduction to the Days Sales in InventoryThe days sales in inventory shows the number of…

Answered: Carlos Company had a beginning…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 46E

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Reid Company uses the periodic inventory system. On January 1, it had an inventory balance of 250,000. During the year, it made 613,000 of net purchases. At the end of the year, a physical inventory showed it had ending inventory of 140,000. Calculate Reid Companys cost of goods sold for the year.
On January 1, Pope Enterprises inventory was 625,000. Pope made 950,000 of net purchases during the year. On its year-end income statement, Pope reported cost of goods sold of 1,025,000. Calculate Popes December 31 ending inventory.
The following selected information is taken from the financial statements of Arnn Company for its most recent year of operations: During the year, Arnn had net sales of 2.45 million. The cost of goods sold was 1.3 million. Required: Note: Round all answers to two decimal places. 1. Compute the current ratio. 2. Compute the quick or acid-test ratio. 3. Compute the accounts receivable turnover ratio. 4. Compute the accounts receivable turnover in days. 5. Compute the inventory turnover ratio. 6. Compute the inventory turnover in days.
Logo Gear purchased $2,250 worth of merchandise during the month, and its monthly income statement shows cost of goods sold of $2,000. What was the beginning inventory if the ending inventory was $1,000?
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What is carlos' days in inventory?
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Carlos Company had a beginning inventory of $80,000, an ending inventory of $110,000, a cost of goods sold of $285,000, and a sales revenue of $475,000. What is Carlos' days in inventory? A) 102.5 days B) 121.7 days C) 84.5 days D) 73 days