Let us suppose that the Apex Corporation's total annual sales are 4,800 units, the average inventory level is 400 units, and the annual working days are 320 days. The inventory days of supply (DOS) are: a. Somewhere between 30 and 31 days. b. 26.67 days. c. 20.38 days. d. None of the above.

Let us suppose that the Apex Corporation's total annual sales are 4,800 units, the average inventory level is 400 units, and the annual working days are 320 days. The inventory days of supply (DOS) are: a. Somewhere between 30 and 31 days. b. 26.67 days. c. 20.38 days. d. None of the above.

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 15BEA: Last year, Nikkola Company had net sales of 2,299,500,000 and cost of goods sold of 1,755,000,000....

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4 Point

Let us suppose that the Apex Corporation's total
annual sales are 4,800 units, the average inventory
level is 400 units, and the annual working days are
320 days. The inventory days of supply (DOS) are:
a. Somewhere between 30 and 31 days.
b. 26.67 days.
c. 20.38 days.
d. None of the above.

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