Carter's Electronics has the following financial information: Sales: $3,200 Cost of Goods Sold (COGS): $2,500 Inventory: $625 Accounts Receivable: $500 Assume that all sales are on credit. Required: How many days, on average, does it take the firm to sell its inventory? a) 91.3 days b) 102.5 days c) 88.2 days d) 109.1 days

Carter's Electronics has the following financial information: Sales: $3,200 Cost of Goods Sold (COGS): $2,500 Inventory: $625 Accounts Receivable: $500 Assume that all sales are on credit. Required: How many days, on average, does it take the firm to sell its inventory? a) 91.3 days b) 102.5 days c) 88.2 days d) 109.1 days

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 5P: A chain of appliance stores, APP Corporation, purchases inventory with a net price of 500,000 each...

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