Graceworks-Corp-Compute-the-company-s-days-sales-accounting-homework-help
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 | |||
Merchandise inventory | 286,000 | 268,500 | ||
Cost of goods sold | 471,400 | 418,100 | ||
A. 221.5
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C. 249.7.
D. 234.4
E. 207.9