Determining the sales in inventory


Smith Company presents the following data for 2006. Inventories, beginning of year: $310,150 Inventories, end of year: $340,469 Cost of goods sold: $2,103,696 Net sales: $8,690,150 The number of days' sales in inventory is?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Determining the sales in inventory
Reference No:- TGS0675740

Now Priced at $5 (50% Discount)

Recommended (98%)

Rated (4.3/5)