Flagstaff department store had net credit sales of 13000000, Ask an Expert

Accounting

Flagstaff Department Store had net credit sales of $13,000,000 and cost of goods sold of $10,000,000 for the year. The average inventory for the year amounted to $2,500,000.

The average days in inventory during the year was approximately:

a. 183 days.

b. 122 days.

c. 91 days.

d. 52 days.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9404500

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