Garnishes inc has sales for the year of 46300 and cost of, Ask an Expert

Accounting

Garnishes, inc has sales for the year of $46,300 and cost of goods sold of $21,700. the firm carries an average inventory of $4,800 and has an average accounts payable balance of $4.400. what is the inventory period?

a- 12.39 days
b- 18.68 days
c- 31.29 days
d- 80.74 days
e- 91.36 days

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M964590

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