Multiple Choice
Direct Sales, Inc. had cost of goods sold of $420,000, beginning inventory of $67,000, and ending inventory of $81,000. The days' sales in inventory equals:
A) 5.16
B) 58.2 days
C) 6.27
D) 70.4 days
E) 5.68
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q21: The understatement of the ending inventory balance
Q53: When taking a physical count of inventory,
Q119: The consistency concept prescribes that a company
Q186: Toys "R" Us had cost of goods
Q188: The inventory turnover ratio is calculated as:<br>A)Cost
Q189: The inventory turnover ratio:<br>A)Is used to analyze
Q190: Explain the effects of the four inventory
Q194: The cost of an inventory item includes
Q195: A company made the following merchandise purchases
Q196: A company reported the following data related