Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them. Days' sales in inventory = Days in accounting period Inventory turnover To Calculate: The process of day’s sales in inventory.

Question

Want to see the full answer?

Answer 1

Question

Chapter 6, Problem 14RQ

To determine

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

How is Day Sales in Inventory calculated?

What is inventory turnover ratio?

What is Return on Assets? How do you calculate Inventory Turnover and The Number of Days' Sales in Inventory?

Answer 2

Question

Chapter 6, Problem 14RQ

To determine

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 6, Problem 14RQ

To determine

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 6, Problem 14RQ

To determine

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 6, Problem 14RQ

To determine

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

Answer 6

Chapter 6, Problem 14RQ

To determine

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

Answer 7

Chapter 6, Problem 14RQ

To determine

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 6 - Which principle or concept states that businesses...Ch. 6 - Which inventory costing method assigns to ending...Ch. 6 - Assume Nile.com began April with 14 units of...Ch. 6 - Suppose Nile.com used the weighted-average...Ch. 6 - Which inventory costing method results in the...Ch. 6 - Prob. 6QC Ch. 6 - 7. At December 31, 2018, Stevenson Company...Ch. 6 - Suppose Maestros had cost of goods sold during the...Ch. 6 - Suppose Nile.com used the LIFO inventory costing...Ch. 6 - Prob. 1RQ

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them. Days' sales in inventory = Days in accounting period Inventory turnover To Calculate: The process of day’s sales in inventory.

Solution Summary: The author explains that day's sales inventory measures the average number of days a company takes to make sales of the inventory available with them.

Videos

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.

Want to see the full answer?

Chapter 6 Solutions

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them. Days' sales in inventory = Days in accounting period Inventory turnover To Calculate: The process of day’s sales in inventory.

Solution Summary: The author explains that day's sales inventory measures the average number of days a company takes to make sales of the inventory available with them.

Videos

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them. Days' sales in inventory=Days in accounting periodInventory turnover To Calculate: The process of day’s sales in inventory.

Want to see the full answer?

Chapter 6 Solutions

Day’s sales in inventory: Days in inventory are used to determine number of days a particular company takes to make sales of the inventory available with them.

Days' sales in inventory=Days in accounting periodInventory turnover

To Calculate: The process of day’s sales in inventory.