Solved

Use the Following Information for Ephron Company to Compute Days

Question 1

Multiple Choice

Use the following information for Ephron Company to compute days' sales in inventory for Year 2.  Year 2  Year 1  Net sales $547,500$572,000 Cost of goods sold 348,500370,840 Feding inventory 75,70081,400\begin{array} { | l | r | r | } \hline & \text { Year 2 } & \text { Year 1 } \\\hline \text { Net sales } & \$ 547,500 & \$ 572,000 \\\hline \text { Cost of goods sold } & 348,500 & 370,840 \\\hline \text { Feding inventory } & 75,700 & 81,400 \\\hline\end{array}


A) 50.5
B) 76.8
C) 82.3
D) 79.3
E) 52.4

Correct Answer:

verifed

Verified

Related Questions