menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamentals Of Corporate Finance Study Set 21
  4. Exam
    Exam 3: Working With Financial Statements
  5. Question
    Sales Are $75,000, Cost of Goods Sold Is $35,000 and Inventory
Solved

Sales Are $75,000, Cost of Goods Sold Is $35,000 and Inventory

Question 279

Question 279

Multiple Choice

Sales are $75,000, cost of goods sold is $35,000 and inventory is $5,000. What is the number of days' sales in inventory?


A) 7 days
B) 15 days
C) 24 days
D) 52 days
E) 59 days

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q274: Last year, which is used as the

Q275: Martin's Method Acting School has a current

Q276: Stephen's Auto Body Shop (Oshawa) has a

Q277: Explain the types of activities that are

Q278: Payment of a note payable and repurchase

Q280: A Montreal firm has current liabilities of

Q281: During the year, The Train Stop decreased

Q282: Rojers Communications Inc. sells for $34.50 and

Q283: Ratios that measure how efficiently a firm's

Q284: Supreme Corporation's total current assets are valued

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines