B920212escFinancial statement data at December 31 for Alpine Company are as follows:Cost of goods sold$1,058,500Inventories:Beginning of year390,000End of year330,000Determine the days' sales in inventory for the year.O a. 134.5 daysO b. 113.8 daysO c. 121.1 daysO d. 124.1 daysF118F220F3DODDOD F4Cengage Learning Cengage TechF5MacBook Air

Cost of goods sold = $1,058,500 Beginning inventory = $390,000 End inventory = $330,000 Average…

Answered: Financial statement data at December 31…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Financial statement data at December 31 for Alpine Company are as follows: Cost of goods sold $1,058,500 Inventories: Beginning of year 390,000 End of year 330,000 Determine the days' sales in inventory for the year. O a. 134.5 days O b. 113.8 days O c. 121.1 days O d. 124.1 days