Multiple Choice
Days' sales in inventory is calculated as:
A) Ending inventory divided by sales times 365.
B) Cost of goods sold divided by ending inventory.
C) Ending inventory divided by cost of goods sold times 365.
D) Cost of goods sold divided by ending inventory times 365.
E) Ending inventory divided by cost of goods sold.
Correct Answer:
Verified
Correct Answer:
Verified
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