Homework Answers
224 ,
Days sales in inventory = Ending inventory / Ending cost of goods sold * 365
= 288000 / 469400 * 365
= 224
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selected financial information from Graceworks, Corp Compute the company's days' sales in inventory for Year 2...
Refer to the following selected financial information from Graceworks, Corp. Compute the company's days' sales in...
Refer to the following selected financial information from Graceworks, Corp. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) YEAR 2 YEAR 1 MERCH INVENTORY 274,000 256,500 COST OF GOODS SOLD 483,400 430,100 206.9. 232.5. 217.7 193.7 212.0
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