Wang Company's average inventory for 2019 was $75,000 and its inventory turnover for 2019 was 6.0; Wangs 2019 days' sales in inventory (computed to one decimal place) is: Select one: a. 12.7 days b. 60.8 days c. 68.5 days d. 53.8 days e. None of the above

Wang Company's average inventory for 2019 was $75,000 and its inventory turnover for 2019 was 6.0; Wangs 2019 days' sales in inventory (computed to one decimal place) is: Select one: a. 12.7 days b. 60.8 days c. 68.5 days d. 53.8 days e. None of the above

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

Wang Company's average inventory for 2019 was $75,000 and its inventory turnover for 2019 was 6.0; Wang's 2019 days' sales in inventory (computed to one decimal place) is:
Select one:
a. 12.7 days
b. 60.8 days
c. 68.5 days
d. 53.8 days
e. None of the above

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