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Refer to the following selected financial information from Phantom Corp. Compute the company's days' sales in inventory for Year 2. (U Year 2 Year 1 Merchandise inventory 283,000 265,500 Cost of goods sold 474,400 421,100 Multiple Choice 223.6 245.3. 2301 204.3

Refer to the following selected financial information from Phantom Corp. Compute the company's days' sales in inventory for Year 2. (U Year 2 Year 1 Merchandise inventory 283,000 265,500 Cost of goods sold 474,400 421,100 Multiple Choice 223.6 245.3. 2301 204.3

FINANCIAL ACCOUNTING
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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Refer to the following selected financial information from Phantom Corp. Compute the company's days' sales in inventory for Year 2. (U Year 2 Year 1 Merchandise inventory 283,000 265,500 Cost of goods sold 474,400 421,100 Multiple Choice 223.6 245.3. 2301 204.3
Transcribed Image Text:Refer to the following selected financial information from Phantom Corp. Compute the company's days' sales in inventory for Year 2. (U Year 2 Year 1 Merchandise inventory 283,000 265,500 Cost of goods sold 474,400 421,100 Multiple Choice 223.6 245.3. 2301 204.3
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