Refer the following table.Cost of goods soldInventoryComputerInc.Furniture retailersCustom Furniture Corp2020$1,5213282019$1,059295(millions of $)daysdaysFurnitureRetailersFresh-cutFlowers Inc.2020 201920202019$4,510 $2,170 $2,585 $2,855173061189a. Calculate the days' sales in inventory for Furniture Retailers and Custom Furniture Corp for 2020. (Round the final answers to 2decimal places. Use 365 days a year.)CustomFurniture Corp20202019$2,980 $2,05080192

Days Sales in Inventory: The number of days sales of inventory, abbreviated DSI, is the typical…

Refer the following table. Cost of goods sold Inventory Computer Inc. Furniture retailers Custom Furniture Corp 2020 2019 $1,521 $1,059 328 295 (millions of $) days days Furniture Retailers 2019 2020 $4,510 $2,170 306 118 Fresh-cut Flowers Inc. 2020 $2,585 $2,855 17 2019 a. Calculate the days' sales in inventory for Furniture Retailers and Custom Furniture Corp for 2020. (Round the final answers to 2 decimal places. Use 365 days a year.) Custom Furniture Corp 2020 2019 $2,980 $2,050 192 80

Refer the following table. Cost of goods sold Inventory Computer Inc. Furniture retailers Custom Furniture Corp 2020 2019 $1,521 $1,059 328 295 (millions of $) days days Furniture Retailers 2019 2020 $4,510 $2,170 306 118 Fresh-cut Flowers Inc. 2020 $2,585 $2,855 17 2019 a. Calculate the days' sales in inventory for Furniture Retailers and Custom Furniture Corp for 2020. (Round the final answers to 2 decimal places. Use 365 days a year.) Custom Furniture Corp 2020 2019 $2,980 $2,050 192 80

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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Please answer the question correctly. Merchandising topic. Thank you