Solved

If Sales Are $950,000, the Cost of Sales Is $600,000

Question 37

Multiple Choice

If sales are $950,000, the cost of sales is $600,000 and average inventory is $65,000, the average time taken to sell inventory in days is:

A) 39.54 days.
B) 23.6 days.
C) 11 days.
D) 33 days.

Related Questions

Q32: Which of the following is the most

Q33: What does it mean if inventory turnover

Q34: Which of these is not a way

Q35: Which statement is not true?<br>A)A firm should

Q36: Violet Pty Ltd usually takes 50 days

Q38: Wonderland has a plant that manufactures computer

Q39: When trying to assess the credit standing

Q40: The operating cash cycle is measured as:<br>A)inventory

Q41: Use the information below to answer the

Q42: If inventory is turned over 8 times