Multiple Choice
Based on the following information: what is the company's (1) inventory turnover; (2) average daily cost of goods sold; and (3) number of days' sales in inventory for the current year? Use a 365-day year.
A) (1) 14.33 times
(2) $589.04
(3) 24.5 days
B) (1) 23.88 times
(2) $589.04
(3) 15.3 days
C) (1) 13.43 times
(2) $597.22
(3) 26.8 days
D) (1) 14.33 times
(2) $597.22
(3) 25.1 days
Correct Answer:

Verified
Correct Answer:
Verified
Q66: What is the amount of cost of
Q67: The units of an item available
Q68: Inventory at the end of the year
Q69: On the basis of the following data,
Q70: If the revenues are correctly reported and
Q72: Match each description to the appropriate cost
Q73: Beginning inventory, purchases, and sales data for
Q76: On the basis of the following
Q88: If ending inventory for the year is
Q188: Excess inventory results in all of the