This is all they asked, i do not have more info, what answer do you think...
This is all they asked, i do not have more info, what answer do you think is best?
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BDS Inc reports the following information:
2019 2020 Cost of Goods sold $2,900 $3,300 Ending Inventory $550 $620 Calculate number of days of sales in inventory for 2019. Ending inventory in 2016 was $525.
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67 days
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64 days
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73 days
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70 days
Homework Answers
| number of days in sales inventory = 365/inventory turnover | ||||||
| inventory turnover = cost of goods sold/average inventory | ||||||
| average inventory = (550+525)/2 | ||||||
| 537.5 | ||||||
| 2900/537.5 | ||||||
| 5.395349 | ||||||
| number of days = 360/5.40 | ||||||
| 66.66667 | ||||||
| answer | 67 days | |||||
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