General Accounting Question need help Cooper Supply Co. has sales of $1,025,000, cost of goods sold(COGS) of $658,000, inventory of $145,000, and accountsreceivable of $92,000. How many days, on average, does it takethe firm to sell its inventory, assuming that all sales are on credit?A) 75.79 daysB) 85.20 daysC) 80.33 daysD) 95.45 daysE) 72.30 days

Step 1: Definition of Inventory Turnover and Days Inventory Outstanding (DIO)Inventory turnover…

Answered: Cooper Supply Co. has sales of…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter16: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 11P

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