Thomas Company Provided the Following Particulars for Year 2017 Calculate the Average Number of Days That Inventory Was Held
Multiple Choice
Thomas Company provided the following particulars for year 2017: Calculate the average number of days that inventory was held by Thomas Company during 2017.(Assume 365 days in a year.Round your intermediate calculations and final answer to two decimal places. )
A) 91.25 days
B) 179.8 days
C) 88.59 days
D) 89.9 days
Correct Answer:

Verified
Correct Answer:
Verified
Q27: A sales return is recorded with a
Q52: A purchase return of goods purchased on
Q53: Which of the following is the gross
Q54: Credit terms of 2/10,n/30 mean that the
Q55: The following information relates to Nebula
Q56: With a periodic inventory method,it is necessary
Q60: Credit terms of 2/10,n/30 indicate that a
Q61: On 1 November 2016,Everett Janitorial Supply
Q84: A sales allowance is recorded with a
Q125: Purchase returns and allowances decrease the net