On January 1, your firm's beginning inventory was $2,000,000. During the year, the firm purchased $8,200,000 of additional inventory, and on December 31, its ending inventory was $1,300,000. What was your firm's days inventory held for the year? A. 89 days B. 365 days C. 57 days D. Not possible to estimate days inventory held. E. 67 days

On January 1, your firm's beginning inventory was $2,000,000. During the year, the firm purchased $8,200,000 of additional inventory, and on December 31, its ending inventory was $1,300,000. What was your firm's days inventory held for the year? A. 89 days B. 365 days C. 57 days D. Not possible to estimate days inventory held. E. 67 days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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