Riverside Industries had a beginning inventory of $80,000, an ending inventory of $120,000, a cost of goods sold (COGS) of $300,000, and sales revenue of $500,000. What is Riverside's days in inventory?

Riverside Industries had a beginning inventory of $80,000, an ending inventory of $120,000, a cost of goods sold (COGS) of $300,000, and sales revenue of $500,000. What is Riverside's days in inventory?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 15BEA: Last year, Nikkola Company had net sales of 2,299,500,000 and cost of goods sold of 1,755,000,000....

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Question

Please provide the correct answer to this general accounting problem using accurate calculations.

Riverside Industries had a beginning inventory of $80,000, an
ending inventory of $120,000, a cost of goods sold (COGS) of
$300,000, and sales revenue of $500,000.
What is Riverside's days in inventory?

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