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Find the average amount of inventory for natural foods

The average days' supply in inventory for Natural Foods Stores is 14.6 days. The company reported cost of goods sold in the amount of $1,500,000 and total sales of $2,500,000. What is the average amount of inventory for Natural Foods?

a. $102,740

b. $171,233

c. $100,000

d. $60,000

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Find the average amount of inventory for natural foods

Reference No:- TGS0553021

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Find the average amount of inventory for natural foods

Reference No:- TGS0553021

Recent Questions Asked Finance Basics

Q : Which least likely to experience problems paying liabilities

Q : Question-decision rule in terms of enpv

Q : Descriptive and comparative analysis of the leadership

Q : Values and assumptions in a foreign country

Q : Find the average amount of inventory for natural foods

Q : What ratio impacted by decrease in selling

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Q : Find ratio if analyzing company borrowed funds on long-term

Q : Organization or plan-local tax revenue disbursed

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