Need help with this accounting questions Downtown Cafe has sales of $750,000, costs of goods sold of $450,000,inventory of $95,000, and accounts receivable of $60,000. How many days, onaverage, does it take the firm to sell its inventory assuming that all sales areon credit?A) 65.42 daysB) 77.21 daysc) 82.15 daysD) 71.35 daysE) 76.96 days

Step 1: Definition of Inventory Turnover DaysInventory Turnover Days measures the average number of…

Answered: Downtown Cafe has sales of $750,000,…

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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