222.7251.2235.82091228.9< Prey25 of 30Next > 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 inventory287,000 269, 500Cost of goods sold470,400 417,100Multiple Choice222.7.251.2.< Prev25 of 30Next >

GIVEN Merchandise inventory Year 2 = 287000 Year 1 =269500 Cost of goods sold Year 2 = 470400…

Refer to the following selected financial information from Phantom Corp. Compute the company's days' sales in inventory for Yea 2. (Use 365 days a year.) Year 2 Year 1 Merchandise inventory 287,000 269,500 Cost of goods sold 470,400 417,100

Refer to the following selected financial information from Phantom Corp. Compute the company's days' sales in inventory for Yea 2. (Use 365 days a year.) Year 2 Year 1 Merchandise inventory 287,000 269,500 Cost of goods sold 470,400 417,100

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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Question

222.7
251.2
235.8
2091
228.9
< Prey
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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. (Use 365 days a year.)
Year 2
Year 1
Merchandise inventory
287,000 269, 500
Cost of goods sold
470,400 417,100
Multiple Choice
222.7.
251.2.
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