Marian Company reported the following items for the month of July: Sales revenue Beginning inventory $476,300 Cost of goods sold $73,900 Ending inventory Days' inventory outstanding is: (Round intermediate numbers to two decimal places, final answer to the nearest day.) A. 131 days B. 123 days C. 365 days D. 115 days $235,000 $84,100
Marian Company reported the following items for the month of July: Sales revenue Beginning inventory $476,300 Cost of goods sold $73,900 Ending inventory Days' inventory outstanding is: (Round intermediate numbers to two decimal places, final answer to the nearest day.) A. 131 days B. 123 days C. 365 days D. 115 days $235,000 $84,100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Marian Company reported the following items for the month of July:
$476,300 Cost of goods sold
$73,900 Ending inventory
Days' inventory outstanding is: (Round intermediate numbers to two decimal places, final answer to the nearest day)
Sales revenue
Beginning inventory
A. 131 days
B. 123 days
C. 365 days
D. 115 days
$235,000
$84,100
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