Refer to the following selected financial information from Phantom Corp. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) Year 2 Year 1 Merchandise inventory 280,000 262,500 Cost of goods sold 477,400 424,100

Refer to the following selected financial information from Phantom Corp. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) Year 2 Year 1 Merchandise inventory 280,000 262,500 Cost of goods sold 477,400 424,100

Name: Refer to the following selected financial information from Phantom Co
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Description: Refer to the following selected financial information from Phantom Corp. Compute the company's days' sales in inventory for Year2. (Use 365 days a year.)Year 2Year 1Merchandise inventory280,000 262,500Cost of goods sold477,400 424,100Multiple Choice

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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