Which of the following is the firm's highest-level financial manager? Tater and Pepper Corp. reported sales...
Which of the following is the firm's highest-level financial manager?
Tater and Pepper Corp. reported sales for 2018 of $31 million. Tater and Pepper listed $6.4 million of inventory on its balance sheet.
How many days did Tater and Pepper’s inventory stay on the premises? (Use 365 days a year. Round your answer to 2 decimal places.)
Homework Answers
INVENTORY CONVERSION PERIOD = 365 DAYS X INVENTORY/SALES
INVENTORY CONVERSION PERIOD = 365 DAYS X 6.4/31 = 75.35 DAYS
Answer : 75.35 days [Thumbs up please]
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Which of the following is the firm's highest-level financial
manager?
Tater and Pepper Corp. reported sales...
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