12) Mario's Home Systems has sales of $2820, costs of goods sold of $2160, inventory of $504, and accounts...
12) Mario's Home Systems has sales of $2820, costs of goods sold of $2160, inventory of $504, and accounts receivable of $430. How many days, on average, does it take Mario's to sell its inventory? 12) ______
A) 55.66 days
B) 85.17 days
C) 84.00 days
D) 72.66 days
E) 65.23 days
Homework Answers
B) 85.17 days
Inventory turnover = Costs of goods sold / Inventory = $2,160 / $504 = 4.2857
Days in inventory = 365 / Inventory turnover = 365 / 4.2857 = 85.17 days
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12) Mario's Home Systems has sales of $2820, costs of
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5 points Question Mario's Home Systems has sales of $2,820, costs of goods sold of $2,160, average inventory of $504, and accounts receivable of $430. How many days, on average, is Mario's days' inventory outstanding? 72.66 days 65.23 days 84.00 days 55.66 days 85.17 days Question 51 What is the pre-tax equivalent yield for a municipal bond with a 5,14% yield if an investor has a tax rate of 12%? 4.4496 5.00% 5.8496 6.67% 5.76% What is...
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