SQC Inc. had sales of $3,000,000, cost of merchandise sold at $2,100,000, an average inventory of $140,000. What is SQC Inc.'s days' sales in inventory? (Round the answer to the nearest whole number.) a. 24 days b. 17 days c. 15 days d. 30 days
SQC Inc. had sales of $3,000,000, cost of merchandise sold at $2,100,000, an average inventory of $140,000. What is SQC Inc.'s days' sales in inventory? (Round the answer to the nearest whole number.) a. 24 days b. 17 days c. 15 days d. 30 days
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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SQC Inc. had sales of $3,000,000, cost of merchandise sold at $2,100,000, an average
inventory of $140,000. What is SQC Inc.'s days' sales in inventory? (Round the answer
to the nearest whole number.)
a. 24 days
b. 17 days
c. 15 days
d. 30 days
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